&gt; Read to the end for this gem: &quot;Under Representative McHenry’s bill, purchases would be restricted to investors who earn more than $200,000 a year or have a net worth of $1 million.&quot;<p>Correct me if I&#x27;m wrong, but isn&#x27;t the motivation for that to keep unsophisticated investors out, and limit it people with money to lose?  I think there are similar restrictions on hedge funds, too.<p>I can see the logic behind that, since it&#x27;s much more likely for a startup to go bust, and I wouldn&#x27;t want to see regular people losing their life savings.  Though, personally, I think I&#x27;d prefer there just be a limit based on something like percentage of net worth invested in these sorts of things.