alt Hacker NewsI 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.
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.