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Even if I had a 'legit' startup, I would not let my parents or grandparents invest their life savings into it. Startups are not for retail investor's retirement
by itake 5y ago
Even if I had a 'legit' startup, I would not let my parents or grandparents invest their life savings into it. Startups are not for retail investor's retirement funds.
- mikeyouse 5y agoThere's the difference between investing in the startup (taking shares in a specific company) and investing in crypto though, right? I'd happily encourage my parents or grandparents to invest in an 'index fund' of startups in a bunch of different fields. I can't say the same about an index of crypto companies, and especially not in an index of crypto assets.
- itake 5y agoAFAIK, there is no such thing as an 'index fund' of startups. But even if there was, purchasing a L1 coin is similar to investing in a wide swath of coins, because if the value of startups build on the coin increase in value, then there will be higher demand of that coin.