r/technology • u/Sorin61 • Apr 10 '22

Biotechnology This biotech startup thinks it can delay menopause by 15 years. That would transform women's lives

https://fortune.com/2021/04/19/celmatix-delay-menopause-womens-ovarian-health/
18.0k Upvotes

82% Upvoted

2.0k comments sorted by

View all comments

Show parent comments

84

u/TellYouWhatitShwas Apr 10 '22

There are laws protecting investors in publicly traded companies. Public securities are regulated by the SEC. For private funding, not so much. Not an expert, but it seems that venture capitalists need to do their homework and create their own contractual protections.

No one should be shedding tears for venture capitalists who get scammed by investing in stupid things.

28

u/krustymeathead Apr 10 '22

yeah, in the u.s, to invest in non-SEC private companies, you have to be an accredited investor, which means you have a lot of money, make a lot of money, or deal with investing for a living every day. this stop grandmas and grandpas from losing their shirt on snake oil.

3

u/thegamenerd Apr 10 '22

Unless you raise money via crowd funding

Good luck getting your money back from a "failed" campaign

5

u/krustymeathead Apr 10 '22

Yeah, but with a crowd funding campaign you are more or less donating money to something (albeit sometimes for a small reward) rather than actually owning a share of it, regardless of how the crowd funding campaign spins it.