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Why is it illegal? How would you invest in them if it were legal?


They are probably referring to not being an accredited investor.

https://en.wikipedia.org/wiki/Accredited_investor


Indeed. In an era where hot tech companies don't go public until they've eclipsed $20B (if ever!), the accredited investor rule feels like the rich & powerful making sure they can keep all of the best opportunities to themselves.




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