I think, Because startup investment is regulated and not accessible to any average joe. Else, we'd be overrun with conmen trying to make a quick buck. Not that we have less of them now.

Is startup investing really regulated, or is it just your mom and dad and nobody else who have heard about your statup?

- ”Dad, all I need is 10k loan” - ”I will give you the money, son. And I’ll see you in court if it doesn’t work out.”

Securities are regulated, snd startups which try to collect cash from the public become securities

The government is letting crowd funding happen and the public can still lose a lot of money even when there are disclosures.

WeFunder and StartEngine are accessible to the average person.

There's a reason random startups aren't allowed to make IPOs directly to the public, and attempts to circumvent this with ICOs got the hammer brought down on them.

Exactly. Unregistered ICOs are illegal in the US which is what happened after 2017. [0] More countries to follow banning them for sure.

[0] https://www.investor.gov/introduction-investing/general-reso...

We have WeFunder and StartEngine. I'm sure there are a few others by now as well.

the result of this is people can only buy virgin galactic when they actually want to buy spacex. seems misguided