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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It is most definitely a casino. But its incredible software engineers are paid in stock, but arent legally allowed to trade them freely. That mere act would allow to price stock options in the market and would make salaries way more transparent and efficient..
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It would allow hypergrowth companies to lower salaries A LOT because they don't pay an obfuscation premium on the stock they give. And it would help employees choose companies better.
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Channel the urge into VIX futures.
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Good thread. The current model has a flavor of the rich getting richer, which is problematic. Aggregated investment helps -- Having lots of capital makes this easy, but it's not available to the casual investor.
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Why wouldn't you instead require accreditation to invest even in high risk options too, which as you say, is gambling? That is, instead of using that premise to allow investors to venture into other risky assets like angel investments.
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