Should Everyone Be Allowed to Invest in Private Tech Companies?

The SEC Chairman recently announced a policy initiative to enable the ordinary investors to invest in private companies. Currently, only  wealthy accredited investors are allowed to invest in private companies. His stated goal is enabling small investors to get access to alternative high-quality investments, such as in private tech companies like Uber and AirBnB. But in our view this policy, even if implemented, will not work as intended because the ordinary investors may not want to invest in private startups and private companies, especially digital ones, may not want ordinary investors.

Read the entire post at Harvard Business Review>>