News for hackers. Stuff that matters.

A comment on How Idle Heroes Made $100M in a Year. Parent comment

Re:How Idle Heroes Made $100M in a Year by DanHulton on Monday May 06, 2019 @03:54PM (#19843122)
The problem, is how do you identify which of your "whales" (industry term, and useful to identify the mindset of the industry) legitimately have that extra disposable income, and which of them are maxing out credit cards and spending money they don't have?
[ Parent | on HN ]
Re:How Idle Heroes Made $100M in a Year by logfromblammo on Monday May 06, 2019 @04:51PM (#19843712)
We have "qualified investors" for the worldwide casino that is the equities market, to ensure you can't gamble more as an early investor than you could afford to lose.
[ Parent | on HN ]
Re:How Idle Heroes Made $100M in a Year by njarboe on Monday May 06, 2019 @05:25PM (#19844044)
Any adult in the US can invest in equities. The equities just have to be listed and approved. It is all the other type of equity investing (angle, VC, etc) that you are not allowed to do (and where all the growth is moving to) if you are not a "qualified investor".
[ Parent | on HN ]
Re:How Idle Heroes Made $100M in a Year by logfromblammo on Wednesday May 08, 2019 @03:36PM (#19862120)
> as an early investor

Perhaps it wasn't clear that I meant to lump angels and VCs together as "early investors". "Pre-IPO investors" would require unpacking a TLA.

[ Parent | on HN ]