, Columnist
Blockchain Brings Unicorns to Millennials
Younger generations should have a shot at affordably investing in the companies they’ve been explaining to their parents.
Why shouldn’t millennials get a piece of the big startups?
Photographer: Vadim_Key/iStockphoto/Getty
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Why should only the wealthy get to ride unicorns to further riches?
Privately held firms with at least $1 billion in value come with daunting price tags that freeze out ordinary investors. Banks that help unicorns raise money are glad to chalk up a few bulky subscriptions — $1 million and more — from top clients. It works fine with regulators who don’t want the general public to lose their life savings on risky bets.