There's plenty of means within the existing legal framework to allow investors access to VC investment options. Blackstone IPO'd ten years ago, and Intel, Google and GE all have VC subsidaries. My pension with Oregon has a variety of investments in VC private equity funds that have done quite well.

There's really no reason to agitate for people to invest their savings directly into a single series A round. Capital pooling and diversification is a key function that VC provides investors.