News for hackers. Stuff that matters.

A comment on SEC Charges Kik With Conducting $100M Unregistered ICO. Parent comment

Re:SEC Charges Kik With Conducting $100M Unregistered ICO by aey on Tuesday June 04, 2019 @11:53PM (#20101327)
Except the reporting requirement are cost prohibitive for a company that is seeking seed funding to file an s-1 or a reg—a even.

So us, poor unsophisticated plebs, can’t invest in anything until post IPO. Which seems to be way after the majority of the gains have been captured.

Ironically people are trying to build fully automatic DAOs, such that the use of funds is fully transparent. Effectively baking in the reporting into the organization.

[ Parent | on HN ]
Re:SEC Charges Kik With Conducting $100M Unregistered ICO by pjc50 on Wednesday June 05, 2019 @06:15AM (#20102896)
> seems to be way after the majority of the gains have been captured.

And also after the point where most of the failed companies have collapsed. Don't let survivorship bias run your investment decisions.

[ Parent | on HN ]