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> 'normal' investors will be swayed by charismatic founders into losing their homes. You mean their second or third homes, right? There's a minimum net-worth r
by guntars 6y ago
> 'normal' investors will be swayed by charismatic founders into losing their homes.
You mean their second or third homes, right? There's a minimum net-worth requirement before you're able to invest in a startup so a failed investment is not going to bankrupt any investors. The founders are much more likely to end up in the poorhouse if things don't work out than investors are.
- borski 6y agoYou missed my point; I specifically mentioned accredited investors vs 'normal' investors. I agree with you; it is a good thing that there are accreditation requirements to invest in as risky an investment as a startup. Getting rid of that would be an awful idea. That was the point of my comment.