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by vmception 1711 days ago
I don't think anyone specific is responsible for this exclusionary-by-class system, I do think there are some opportunists that perpetuate it, and for that just look at the discussions and comments over the accredited investor regulations hosted on the SEC servers.

People shouldn’t need to ask for permission to fail.

In case it isn't clear, I am not saying startup investing is a golden ticket, and my comment wasn't about startups at all, it was about all private equity and I’m not saying thats a golden ticket either.

Whether inadvertent or deliberate, an unnecessary class system exists which should not.