Access to Wealth For Everyone
Personal VC Funds Against Income Inequality
This week I published “Access to Wealth for Everyone” in Humanizing Tech. Here’s a short preview:
Elevating the poor up is easier said than done, but to accomplish it we have to see why the poor can’t participate in the wealth being generated in the first place.
Something that a lot of people don’t know about is that a whole class of investments is off limits to them. Hedge funds and investments in the private sector are only available to accredited investors. How do you become an accredited investor? You either need a yearly income of $200K for the last two years or a net worth of 1 million dollars. According to TechCrunch, only about 10% of U.S. households qualify as accredited investors.
Why is this such a big deal? Considering that the ROI you can expect from certain investments in the private sectors are phenomenal, it’s unfair that the 99% isn’t able to take advantage of these types of investments.
Check out the story: