I don't think people give enough credit to @naval to opening startup investing to other people [eventually anyone in the long run].

Venture hacks was the crack in the dam.

Angel List built the network.

Angel List syndicates to SPVs to Rolling Funds.

Whatever next?

2/ Everyone deserves the right to invest their optionality into a system of their choice. Stopping players up in the game to not make a startup investment is like playing basketball and banning new players from throwing 3 pointers.

3/ In the UK I was used to the concept of anyone being able to put their money into a private company. What we need is education, information and transparency around startups.

4/ Rather than the burden be on the investor re accreditation, the burden should be on the company in not misleading an investor and playing an honest game. There is a fine balance to this, in that we want companies to take risks.

5/ Companies need to sell a non linear vision that might be outlandish, risky, 'impossible' and excite people while being truthful to their real position and capabilities.

6/ Doing this in the context of a competitive market should be on the choice of the company: what they are willing to share or not. I'm hoping increasing data transparency and signal leakage will solve this problem over time.

7/ Ultimately more investors means more information flow, early adopters, wealth liquidity, wealth cycle feedback loops and equality.

Everyone will be an investor in future in that their brain will compute 'what is the right answer'. Just like every network node will be a miner

8/ Every person will be a signal redirector, amplifier, depressor, taking part in a giant human network compute towards something w/ greater optionality, replication potential & robustness. Only way we can do this: allow all players to have chips and to play chip.