this post was submitted on 03 Oct 2024
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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"retail investors" is a bit of a term of art, counterpointed to "institutional investors". translations: "public market investors", "people whose whole thing is doing investment"
institutionals are The Investment Firms Whose Names You Hear About, and they invest in the still-private (at the time) company, which allows the two parties involved to set specific terms and commitments and preferences, etc
the game that's been played by a bunch of bayfuckers for a couple years now is as follows:
what's quite frustrating is how often this still works, because of dynamics of FOMO and other shit
as to this, It's Complicated™️. depends on whether the places your money is kept ends up getting allocated into shares on shit like this, etc. it could or couldn't happen, and the only real way to know is to keep an eye on the financial-entity decision-makers in the entities involved