4 ms·
wow, this is a major shakeup, and not just on the vc circuit. I expect to see a lot of large hedge funds and banks lose employees who can now afford to go solo.
by revel 6y ago
wow, this is a major shakeup, and not just on the vc circuit. I expect to see a lot of large hedge funds and banks lose employees who can now afford to go solo.
I also expect to see a lot of poorly constructed startup deals where uncle jimmy ends up owning 65% of a startup because of some shoddy setup. Not sure if this is going to be a good thing or not given the greater access to capital that will be afforded to young companies. Interesting times abound
- xxpor 6y agoWasn't one way to qualify in the the old definition just having an income above $200k for 2 years in a row and a reasonable expectation that you'll make that much this year? I'd expect anyone at a hedge fund who would want to go solo to easily qualify based on that. Maybe it'd pull in the timeline a bit since you wouldn't have to wait 2 years but that's about it.
- dbish 6y agoYeah, it wasn't hard for investment or tech employees to be accredited since that's mid-career (or less depending on location) pay. I don't see how this would change the decision of anyone who would want to hang out their own shingle, unless the assumption here by "afford" is that there will be more money available since more people can be accredited?