Re:How to Invest in Startups
by xfactor973 on Monday January 13, 2020 @02:24PM
(#22037646)
The accreditation rules really bother me. Excluding people based solely on wealth is silly. I think you should be able to take a test to prove you know enough to invest.
[ Parent
| on HN ]
Eh. The U.S. education system has taught me that anyone* can beat any* test. Seems like there's value in saying "if you really fuck up, you are at least have a background that says this will not be your entire livelihood."
*almost.
Re:How to Invest in Startups
by steveklabnik on Monday January 13, 2020 @03:06PM
(#22038056)
The SEC is discussing changing this: https://www.sec.gov/news/press-release/2019-265
"The proposal would add additional means for individuals to qualify to participate in our private capital markets based on established, clear measures of financial sophistication."