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James Millar
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Paul – FS Concierge, post: 261404, member: 78928 wrote:
[USER=5318]@JamesMillar[/USER] – In about 2016 I was excited about the then proposed changes then deflated to read about the $10K Cap – it is too small for any meaningful investment IMO.

Like anything new (think Crypto for example), the depth of knowledge that investment decisions are made on will initially be low – so more gambling – but this will grow over time as people enjoy both successes and knee scrapes as time goes on.

I think it is inevitable that expertise will grow over time in the analysis around what is more likely to be successful vs what will more likely produce a flaming bus crash.

I like the Y Combinator model that produces battle hardened startups before launch that also have access to experienced and expert mentors pre and post launch.

Good points. I suspect very few of their target market would invest anywhere near the $10k cap. It’s also worth noting that you can exceed the $10k limit if you are a sophisticated investor per the Act.

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