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private investing was reserved for the rich up until two years ago you could donate to an idea on Kickstarter you could invest in Apple in the stock market but you couldnt invest in your friend and their wild idea at MIT because because you didnt have enough money starting in basically 1933 my Great Depression the Securities and Exchange Commission or the SEC decided that the vast majority of people wouldnt be allowed to invest in private companies because it was too risky so they said if youre not rich enough you cant invest in private industry and for 80 years to law remain the same [Music] its really about using technology to democratize investing because not everyone can afford $100,000 investment but that shouldnt preclude you from getting in on the ground floor startup is any company trying to start up it could be a brewery a restaurant a therapeutic or pharmaceutical company nine out of ten startups fail and you should go into this well knowing that more likely than not
