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563 points jonknee | 2 comments | 26 Sep 18 18:04 UTC | HN request time: 0s | source

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aczerepinski ◴[26 Sep 18 20:34 UTC] No.18080003[source]▶

>>18078640 (OP) #

Pretty annoying that it’s illegal for me to invest in any of these newish tech companies.

replies(3): >>18080102 #>>18080358 #>>18081360 #

xseven ◴[26 Sep 18 20:45 UTC] No.18080102[source]▶

>>18080003 #

Why is it illegal? How would you invest in them if it were legal?

replies(1): >>18080182 #

1. lastofus ◴[26 Sep 18 20:54 UTC] No.18080182[source]▶

>>18080102 #

They are probably referring to not being an accredited investor.

https://en.wikipedia.org/wiki/Accredited_investor

replies(1): >>18084350 #

2. aczerepinski ◴[27 Sep 18 13:41 UTC] No.18084350[source]▶

>>18080182 (TP) #

Indeed. In an era where hot tech companies don't go public until they've eclipsed $20B (if ever!), the accredited investor rule feels like the rich & powerful making sure they can keep all of the best opportunities to themselves.

↑

Stripe Is Now a $20B Company