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by harryh
2810 days ago
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Even without the SEC, you would not have been able to invest in Spotify. They had zero interest in taking your money when they could raise money much more easily from professional investors capable of writing 8 figure checks. It's very important to understand this and the adverse selection problem that would emerge if laws were changed. There's a reason that only scammers did ICOs. |
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This is absolutely incorrect. One of many examples - Tezos.