[colesantiago]

I love this projection you're providing to me, how much money did you lose on these companies?

I am in and have invested in YC startups, because I know which ones have growth potential and upside.

> you can make a coherent case that companies should be required to be public at a much earlier stage (I don't think it's going to happen, but you do you)

I didn't say they had to be a public company, you can invest in Stripe via the secondary market (which I have done before with other companies) but even then this is for accredited investors.

There are lots of unprofitable public companies on the stock market that also return $0 to investors and have no dividends.

But this trend of many private companies choosing to stay private obviously isn't going to help those except the very rich and accredited investors.

[tptacek]

I'm a principal at Fly.io (W20). I'm familiar with the dynamic.

I don't invest in tech companies.

Most funded tech companies don't return funds to investors. Noncontroversial claim.

Investors invest in tech companies as a/in a portfolio strategy. They don't expect any one investment to succeed, and they allocate to the asset class in part to get exposure to decorrelated assets.

That's not at all what retail investors are doing.

You keep talking about accreditation. The companies you want to invest in don't want your money and they don't care that you're accredited.

[colesantiago]

> You keep talking about accreditation. The companies you want to invest in don't want your money and they don't care that you're accredited.

You don't know that 100% and unfortunately for you the YC companies accepted my money and I now hold stock in these companies.

[tptacek]

Congratulations?

[colesantiago]

So why are you projecting "The companies you want to invest in don't want your money." when this is obviously not true at all.

I don't know which companies you tried to invest in (tech or not) but I am assuming most of them rejected you given your constant projecting towards me.

I don't want smart people/investors who saw the future early (most that are retail and some are academics who actually build this tech) who want to get exposure to the growth companies making an impact to use extremely risky and shady financial vehicles like Multi-Layer SPVs and tokenized private stocks just to get some exposure.

When all in all it isn't the real thing and they get rugged anyway.

As long as people like you are in favor in excluding these people who just to buy a private company stock on secondary markets, then the gatekeeping will continue.

[tptacek]

I don't even understand what this thread is about anymore. The claim of mine that you're trying to rebut is "dealflow is a thing". If you want to argue that it isn't, be my guest, but I'm not going to sign up to hash it out with you.

[colesantiago]

ok?

I and may other angel investors are proof you're obviously wrong so...