3 ms·
Those entities eligible to be accredited investors are estimated to control the better side of 3/4 of private wealth in US. I don't see how allowing (or DAO/LA
by notch656a 5y ago
Those entities eligible to be accredited investors are estimated to control the better side of 3/4 of private wealth in US. I don't see how allowing (or DAO/LAO somehow illegally bypassing security laws) un-accredited investors could possibly be a deciding factor in recreating a Great Depression. Most (private) wealth can already buy whatever "toxic" stuff they want in your own words.
Also, it's possible to sell these investments to non US-persons under regulation S without bothering with the accredited investors.
>Most people actually trying to build a business of value aren't trying to reimagine the concept of a business.
Most people actually trying to build a business fail. It would be fallacious for me to imply that means not reimagining concept of business means likely failure, even though it is technically true.