4 ms·
For those against -- do you really prefer that only well-connected billionaires are allowed to invest in startups, and actually capture the rapid growth? Most
by bpodgursky 6y ago
For those against -- do you really prefer that only well-connected billionaires are allowed to invest in startups, and actually capture the rapid growth?
Most unicorns (and no, they aren't all scams -- many are pretty stable, or exited successfully, a la LinkedIn, Salesforce, etc) were private until they were worth tens of billions. Any gains post-IPO are small multiples of the original investment.
The only people able to invest, and actually capture that growth, were already wildly wealthy. Do you think that's fair?
- JMTQp8lwXL 6y agoI'd consider permitting it outside of 401(k) funds. But the quality of private equity investment opportunities offered to middle class people != the quality offered to folks like Tiger Woods, who investing in Google's Series A back in '99.