[twic]

Is this assuming that the venture capital industry outperforms the general stock market? I don't think it consistently does. I don't have massive or recent data, but here's a report from a few years ago:

https://nvca.org/pressreleases/venture-capital-outperformed-...

Despite the headline, if you compare the venture capital indexes with the S&P 500, there's no clear winner. Except at the 50-year time horizon, where the early-stage index went to the moon. Good luck investing in that.

[frgtpsswrdlame]

It's not just about returns but also diversification. An open VC would allow people to invest in early-stage companies, not just mid/late-stage companies like the stock market. You'd never want to have too much of it because of the enhanced risk but a small allocation for diversity wouldn't be bad.

[bargl]

I was more thinking that the stock market is being gamed by a massive amount of computers where as I don't see that happening in VC yet.

[currymj]

HFT has a lot of impacts and may be good or bad overall, or socially useless, or whatever. but it undeniably does result in a better deal for a normal person trying to make small investments -- they've replaced the old market makers but charge much less for the job.

[tonystubblebine]

A lot of VC returns are based on eyeballs and a lot of eyeballs are actually giant Bot networks.