[npt4279]

Limiting an individual's investment to a maximum of $1000 goes a long way to making sure Grandma doesn't lose her life's savings. As does the requirement for companies to use an Internet intermediary that performs background checks, verifies identity, holds funds in escrow, etc. The world is different from the 1930's.

[jerf]

What's the difference between being able to invest $1000 and $0? That's not helpful to anybody. If I want to invest $30,000, I have to go find 30 startups? That doesn't make any sense.

[npt4279]

If you are an accredited investor (i.e., make over $200,000), current law allows you to invest any amount you like. If you are not an accredited investor, you likely can't afford to invest $30,000... so the thinking goes in Congress.