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Comment on Investing in Startups by Passing the Series 65

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Matt Levine has written about the problems with opening up this kind of investing to everyone.

One of the major differences between earth stage startup investments and normal public companies is that there is not an open market. Startups can choose their investors, and don't have to give the same price to all investors.

So yes, if you get accreditation, you will be able to find a startup to invest in... however, it isn't going to be the best startups, and you aren't going to get the same valuation that big VCs get.

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