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Feb 27, 2021
8:06:28am
byujdmba All-American
One more bit of history: the SEC has looked at changing this
But when they did a few years ago there was a lobby that argued that rich farmers in the midwest were betting their farms, literally, on risky investments, and the government had to protect them. That's one reason for the rule change saying your house's equity doesn't count. I was loosely affiliated with a group lobbying against this change to avoid making it harder for startups to raise capital. We lost, but it doesn't appear to have hurt fundraising a ton. But definitely some nanny state action going on here.
byujdmba
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byujdmba
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