21 ms·
For all the historical blather in the article, the one simple thing that is ignored is why there only super powerful investors and weak entrepreneurs. There is
by dottrap 13y ago
For all the historical blather in the article, the one simple thing that is ignored is why there only super powerful investors and weak entrepreneurs. There is more wealth available via the non-super rich than anytime in human history. Average people should be able to invest their money to fund ideas/companies.
This used to be possible in the US. You didn't have to seek ultra rich investors to get started. You could take an idea and sell shares in the company via a stock exchange. But now regulation has made that impossible for all but the companies that have grown so large that they ironically don't need to raise any money and it is all about the early VC's time to cash out. (see Facebook)
Instead, the only new avenue we have are things like Kickstarter. But you don't get to invest thanks to over-regulation. You can only "donate" and hope to get a "gift" (fingers crossed pre-order/purchase).