I'm a principal at Fly.io (W20). I'm familiar with the dynamic.

I don't invest in tech companies.

Most funded tech companies don't return funds to investors. Noncontroversial claim.

Investors invest in tech companies as a/in a portfolio strategy. They don't expect any one investment to succeed, and they allocate to the asset class in part to get exposure to decorrelated assets.

That's not at all what retail investors are doing.

You keep talking about accreditation. The companies you want to invest in don't want your money and they don't care that you're accredited.

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colesantiago 10 hours ago | parent [-]

> You keep talking about accreditation. The companies you want to invest in don't want your money and they don't care that you're accredited.

You don't know that 100% and unfortunately for you the YC companies accepted my money and I now hold stock in these companies.

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tptacek 10 hours ago | parent [-]

Congratulations?

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colesantiago 9 hours ago | parent [-]

So why are you projecting "The companies you want to invest in don't want your money." when this is obviously not true at all.

I don't know which companies you tried to invest in (tech or not) but I am assuming most of them rejected you given your constant projecting towards me.

I don't want smart people/investors who saw the future early (most that are retail and some are academics who actually build this tech) who want to get exposure to the growth companies making an impact to use extremely risky and shady financial vehicles like Multi-Layer SPVs and tokenized private stocks just to get some exposure.

When all in all it isn't the real thing and they get rugged anyway.

As long as people like you are in favor in excluding these people who just to buy a private company stock on secondary markets, then the gatekeeping will continue.

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tptacek 9 hours ago | parent [-]

I don't even understand what this thread is about anymore. The claim of mine that you're trying to rebut is "dealflow is a thing". If you want to argue that it isn't, be my guest, but I'm not going to sign up to hash it out with you.

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colesantiago 9 hours ago | parent [-]

ok?

I and may other angel investors are proof you're obviously wrong so...

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tptacek 9 hours ago | parent [-]

Because you managed to get a couple of YC companies to take your money?

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colesantiago 9 hours ago | parent [-]

You said "The companies you want to invest in don't want your money."

Your words, you should own them.

I only want more smart people I know to have the chance to be angel investors in these companies and to be able to access secondary markets to buy and sell these shares.

What's wrong with that?

	▲	tptacek 9 hours ago \| parent [-]
		The companies we're talking about here, like Stripe. Broadly speaking, promising companies do not want random strangers on their cap tables. They barely want random venture capitalists on their cap tables. I'm glad you have friends at other startups that want to work with you. That's not something you're going to be able to say about a random person.