Sophisticated investment rules are f**king stupid.
If you’re not a “sophisticated investor” - that is, if you don’t meet Australia’s sophisticated investor test, which requires investors to have $2.5 million in net assets or $250,000 in annual income - you’re not allowed to invest in startups.
You can take your hard-earned money and blow it indiscriminately on bad property investments in shitty off-the-…
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