No, I actually agree with him insofar as such a law would require a definition of "investor" that doesn't hold small, passive investors responsible. If you're

No, I actually agree with him insofar as such a law would require a definition of "investor" that doesn't hold small, passive investors responsible. If you're a VC and you fund a frat boy and he creates a discriminatory culture, you should be held financially liable for any sexual harassment cases that come against him, because you created the startup (and, often, his career) and you were his manager, even if the corporate structure allows you to deny the fact on technicalities. (At least, let me go this far: you should be as liable as his manager would be, meaning that you fall hard if you knew or should have known.) If you're an employee who exercised his options, you shouldn't be liable for management's fuckups.