←back to thread

Stripe Is Now a $20B Company

(www.bloomberg.com)
563 points jonknee | 1 comments | 26 Sep 18 18:04 UTC | HN request time: 0s | source
Show context
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 #
xseven ◴[26 Sep 18 20:45 UTC] No.18080102[source]▶
Why is it illegal? How would you invest in them if it were legal?
replies(1): >>18080182 #
lastofus ◴[26 Sep 18 20:54 UTC] No.18080182[source]▶
They are probably referring to not being an accredited investor.

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

replies(1): >>18084350 #
1. aczerepinski ◴[27 Sep 18 13:41 UTC] No.18084350{3}[source]▶
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.