On December 18, 2019, nearly 4 years after the House passed the Fair Investment Opportunities for Professional Experts Act (H.R. 2187) with overwhelming bipartisan support (347 to 8), three of the five SEC commissioners voted to publish a proposal to broaden the accredited investor definition – giving more individuals the ability to strengthen their investment […]
Five Reasons Why Crypto will Eventually Displace Equities
One day — in the not too distant future — crypto will completely displace equities as an asset class. Yes, you read that correctly. Our beloved equities will soon join the club of obsoletion where the phone booth, the Walkman, the floppy disk, the Fotomat, the VCR, the fax machine, and many others reminisce about their youth while watching […]
Sharing the Inspirational Wealth
Last week I had the privilege of speaking at the Digital Asset Strategies Summit (DASS), in Dallas, where prominent institutional investors and industry thought leaders gathered to explore crypto investing strategies. To say that it was the most inspirational conference I had ever attended would be an understatement. I spent the entire day completely engrossed in […]
The Dropbox IPO – Another Example of Dysfunctional Equity Markets
On November 19, 2013, I penned an article on how Dropbox’s capitalization is symbolic of how unjust America’s capital markets have become. At the time, Dropbox was raising a $250M private round of financing at an $8B valuation – approximately 68 times 2012 revenues. Retail investors, of course, were not invited to the party. In […]
Top 10 Lessons of 2017 and Some Very Bold FinTech Predictions
I once read that, in life, we encounter two kinds of people: 1) those who are blessings and 2) those who are lessons. And, in the end, we will thank them both. I believe that a similar philosophy can be applied to our relationship with time. Throughout our lives, we experience two kinds of years: […]