Being an accredited investor to invest less than $10,000 in a small web startup sounds ridiculous to me, especially if one has good knowledge of the startup's business environment and a rapport with the founders. If it's the law, so be it, but there'd have to be a legal workaround for hackers to connect with another hacker's startup financially.
This must be Deja Vu, I remember having a conversation with you about Barack Obama after his election win in a thread where I lost over 60 points.
-- I wonder how bpick is able to invest legally in this case, because I don't think he fits with the accredited status but is still looking for investments.
Yes, it is ridiculous that you and I can't invest in our friend's companies without significant enough hassle that no small company would be interested in such investment (I wouldn't take money from non-accredited investors, even if we really needed money). I'm sure I'd do better investing in Dropbox and Weebly and Wufoo than I would investing in the stock market in general.
I don't recall a conversation about Barack Obama, but I talk a lot, and I don't remember everything I say, so it could have happened. Anyway, I think it'd be a great reform of our investment law, if normal people could buy stock in small companies, without all the hoops and craziness required. This is particularly true now that IPOs are so much less common; it takes years before normal folks have the right to invest in a new company. SOX has eaten up even more of the extremely rapid growth curve of new companies, from the perspective of regular people.
This must be Deja Vu, I remember having a conversation with you about Barack Obama after his election win in a thread where I lost over 60 points.
-- I wonder how bpick is able to invest legally in this case, because I don't think he fits with the accredited status but is still looking for investments.