There’s really not much to say on this idea except what Codie already said.
VC market size $211 billion.
Private equity market size $6 trillion.
Why hasn't @angellist built out its literal exact same product set for PE?
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Solution: Okay there seem to be a few reasons for why not…
“The simple answer - because of the Investment Company Act of 1940. Private equity funds with US investors are structured for the 3(c)(7) exemption from the ICA. This raises the eligibility requirement to qualified purchasers - people with at least $5M in investments.” (From Daniel O’Shea on Twitter)
“VC market sells dreams of changing the world. PE buys boring businesses and makes them better. One is sexy and one isn't!” Nick Huber (@sweatystartup) / Twitter
“Possible reasons are TAM for VC is growing and it's better to be known and amazing for one thing then great a 2. Also VC and PE seem to have very different cultures one in which you'd find engineers, designers and PAm's and exciting companies.” Sherad Louis-Charles (@slouischarles) / Twitter
Contributed by: Michael Bervell (Billion Dollar Startup Ideas)