Dan Romero pfp
Dan Romero
@dwr.eth
It's pretty much illegal to allow retail to to invest meaningful amounts in private companies. I was in charge of this fundraising round (Series D, the one that Kevin participated in). We looked into a bunch of options but there are were too many complications.
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Graeme pfp
Graeme
@graeme
Coinbase’s Series D was August 2017, when BTC was ~$4K. Anyone could’ve just bought BTC (fully liquid, no accreditation hurdles) and still outperformed.
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Bitfloorsghost pfp
Bitfloorsghost
@bitfloorsghost.eth
Special purpose vehicles? Accredited investors?
2 replies
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9 reactions
𝑶𝒕𝒕𝒊🗿✨ pfp
𝑶𝒕𝒕𝒊🗿✨
@toyboy.eth
This cast is evidence of why we need to be able to edit casts
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2 reactions
Garrett pfp
Garrett
@garrett
What needs to change in your opinion to make this more feasible?
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Matthew Fox 🌐 pfp
Matthew Fox 🌐
@matthewfox
What was the blocker to using platforms like seedrs or seedinvest (or whatever one circle acquired) similar to what revolut did a few years ago?
1 reply
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Daniel Fernandes pfp
Daniel Fernandes
@dfern.eth
Mercury did a Reg CF when the SEC raised some of the limits in 2021 (also coincided with their Series B, so perhaps a smaller round): https://mercury.com/blog/community-round-learnings
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Brian Kim pfp
Brian Kim
@brianjckim
i don't get why the framing is "instead they let prof basketball players in"
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Push pfp
Push
@push-
We can’t compete. No worries, we get it
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mfa pfp
mfa
@mfa
Yeah, the regs make it nearly impossible without jumping through a thousand hoops.
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jtgi pfp
jtgi
@jtgi
Doesn't angel list make it relatively easy?
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boscolo.eth pfp
boscolo.eth
@boscolo.eth
It's not until you fund raise that you realize how "rigged" our system is as a result to the SEC Act of 34. It is biased toward making wealthy people wealthier. I put "rigged" in quotes, because it wasn't intentional, it is an unintended byproduct of trying to protect unsophisticated investors.
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sardius.eth pfp
sardius.eth
@sardius
dang that’s cool. What was KD like in person?
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Kyle Patrick pfp
Kyle Patrick
@kylepatrick.eth
Aye, but when KD on Farcaster?
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AK pfp
AK
@ak2122
It’s a racket
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Icetoad 🍕 🎩 🐈 pfp
Icetoad 🍕 🎩 🐈
@icetoad.eth
You don't see professional athletes that are savvy investors too often
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Ghost 🎩 pfp
Ghost 🎩
@ghostbo4.eth
We need an option that says “ explain like im 5 “
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Ariha Khan pfp
Ariha Khan
@ariha
Good luck
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Los pfp
Los
@los-cova
Is there an equivalent here? How can we participate in Farcaster?
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antaur pfp
antaur
@antaur.eth
yes - and - that's why believe app is a trail blazer for the inevitable legal tokenization of private equity incl. VC rounds. Didn't understand why you were so anti in your vid few weeks ago. Some apps building meaningful token sinks and no it's not the same as equity but give us shrimps some exposure.
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