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What makes you think Elon would take your money? Do you plan to email him? Why take a large number of small dollar checks from people who (as a group) don't kno
by arcticbull 4y ago
What makes you think Elon would take your money? Do you plan to email him? Why take a large number of small dollar checks from people who (as a group) don't know the first thing about private company investment when you can take a $100M check from one of a few funds and individuals who do? What specifically do you bring to the table that your $10K investment will make up for the administrative costs of having you on the cap table?
The reality is that companies who can raise capital from top-tier investors will do that and not bother with what to them is chump-change - but the companies that can't raise capital from top-tier investors will definitely take your money and then proceed to lose it all.
[edit] The system we have right now is a pretty reasonable balance IMO and the bar has been going lower and lower over time as the $1M/$200K/yr limits aren't indexed to inflation.
- newZWhoDis 4y agoI have reply capabilities again. See my edit. It is documented fact that SpaceX takes private investment. It is also documented fact that the occupation regime has faux safety mechanisms designed to enrich their own at the expense of others.