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Stripe Is Now a $20B Company

(www.bloomberg.com)
563 points jonknee | 5 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]▶
Pretty annoying that it’s illegal for me to invest in any of these newish tech companies.
replies(3): >>18080102 #>>18080358 #>>18081360 #
1. gamblor956 ◴[26 Sep 18 21:16 UTC] No.18080358[source]▶
It's not illegal for you to invest in Stripe. It's simply illegal for Stripe to try and sell you their stock. If you happen to have personal connections to Stripe leadership, and they haven't hit the regulatory shareholder limit (after which they must start filing disclosures with the SEC), you could legally buy all the Stripe stock you could afford.
replies(2): >>18080715 #>>18083776 #
2. woolvalley ◴[26 Sep 18 22:18 UTC] No.18080715[source]▶
So the accredited investor requirement doesn't apply in the case you stated?
replies(1): >>18081530 #
3. gamblor956 ◴[27 Sep 18 01:22 UTC] No.18081530[source]▶
The accredited investor rules are limits on the company, not the investor. It depends on how many non accredited investors they have.
4. marvin ◴[27 Sep 18 12:25 UTC] No.18083776[source]▶
Have you seen an example of a regular middle-class person actually doing this? Because in all the stories I've heard, company leadership just say "no, you need to be an accredited investor to do that", and that's it.
replies(1): >>18089021 #
5. gamblor956 ◴[27 Sep 18 21:41 UTC] No.18089021[source]▶
Parents and college buddies, mostly. I've never seen anyone who wasn't personally connected to the founders or VCs be allowed to invest if they weren't an accredited investor because it's simply not worth the hassle to the company.