[likelynew]

I don't think it is not unique to tech investing, but it is true for all small companies.

[padobson]

Or big companies. If you wanted a chance to profit from Snap, Square, Twitter or (coming soon) Pinterest, you had to be a high level investor.

I believe most regulations that block this kind of investment are done in the name of protecting the little guy.

[goobynight]

They are done in order to protect the little guy, due to the high risk associated with the high reward.

Otherwise, you will get people that have negative net worth, maybe $20k in credit card debt + student loans that they pay minimums on, and a few kids dumping a year of savings into Snapchat and losing it all.

While it sucks for small players that are ok with high risk investing (and would be ok losing it), there just isn't a way to stop the flood of stupid that would come with it.

Probably the closest thing I've seen to being able to invest in something like this is cryptocurrecy,