A long overdue step in the right direction. Some historical perspective on the history of what I like to think of as the "Cookie Licker Laws" [a]. A middle-of

A long overdue step in the right direction. Some historical perspective on the history of what I like to think of as the "Cookie Licker Laws" [a]. A middle-of-the-road option for both investors and entrepreneurs in this space has been desperately needed for quite some time. The path from modest wealth to the truly lucrative risk-reward based ROI that comes from being to invest intelligently in emerging ideas and trends ... this path has been littered with roadblocks and land mines for way too long. On the investor side ... a ~couple years ago I remember being pretty upset that Lending Club didn't publish their "investor income / net worth requirements" straightaway transparently their site. Rather, they first send investigators on the wild goose chase through their idiotic application process. As far as the entrepreneur side goes: YC has become a less and less attractive option for companies that might not (at least not obviously) quite make it to the $10B potential breakout point that they're looking for: I always tell my partners that our job is to fund all the companies we can that can be worth $10 billion or more. That’s such a difficult constraint we can’t have any other constraints. [b] Not every business idea should have to be that "big" to be given a fair shot at the route from small-time garage venture to IPO. [a] http://ink.hackeress.com/2013/09/what-title-ii-of-jobs-act-means-for.html http://ink.hackeress.com/2013/09/what-title-ii-of-jobs-act-m... [b] http://blogs.wsj.com/digits/2015/03/25/sam-altman-why-hardware-could-yield-the-next-10-billion-startups/ http://blogs.wsj.com/digits/2015/03/25/sam-altman-why-hardwa...