Should we reduce the restrictions on who can angel invest?
gojomo: You're allowed to put your money in public stocks that essentially go to zero (GM, Lehman, Fannie Mae), and you're allowed to gamble all your money away (and then some via borrowing) on negative-expectation government lotteries or licensed casinos.So it's silly and unfair to then prevent regular people from putting a small portion of their savings in risky -- but possibly positive-expectation -- private investments.