The SEC is taking a whack at broadening the definition of accredited investor, though proposed rules don't broaden in a way that most natural people working in tech will be that interested in. https://www.sec.gov/news/press-release/2019-265 … They're soliciting comments.
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People invest in tech startups for all sorts of reasons, but one of them is the desire to 100X their money by causing something novel to exist in the world. Very, very few angel investments will succeed in doing this.
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But given that there is risk appetite in the world and that retail investors possess some of it, you should probably prefer them deploying their risk appetite against angel investments with a 5+ year time horizon versus weekly options on Tesla. First feels less like casino.
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I thought that level of leverage was outlawed in the 30s
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Via outright borrowing, sure. Did options contracts as we now know them even exist in the 1930s? (Products which aren’t borrowing arose to meet the demand.)
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r/wallstreetbets stands as a monument to the pointlessness of the accredited investor rule.
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You're giving me palpitations
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