There was a concern that, you know, your average joe maybe shouldn't be investing in start ups. The main role of the C c is to protect investors and anything that's new and innovativa can actually access investments at higher rates. A lot of people lobbious, had deep pockets, that also were against it,. And state regulations that were against it.
The Sunday Times’ tech correspondent Danny Fortson brings on Ryan Feit, co-founder of SeedInvest, to talk about creating the Robinhood for private startups (3:45), working at Lehman Brothers before the recession (6:45), scratching the entrepreneurial itch (12:45), business school (16:30), the idea for SeedInvest (18:30), getting a law passed in Congress (20:20), making the regulator’s job harder (28:45), pondering giving up (31:45), finally getting regulations passed (34:20), the average SeedInvest investor (37:50), what’s in it for founders (42:10), and frothy markets (46:40).
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