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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Matthew Fox ๐
@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?
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Dan Romero
@dwr.eth
It's just more overhead for not much benefit.
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Matthew Fox ๐
@matthewfox
feels like it would have been a good fit given the general coinbase ethos but can see the other side too
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Dan Romero
@dwr.eth
The company did a direct listing for a reason. I don't think people on the outside appreciate how much crap these companies deal with on the legal / accounting / regulatory side of things. Easy to be a populist when you don't have to make the decisions.
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