On episode 1136, SEC Commissioner Hester Perse responded to Jason's proposal to have his

Angel University course be part of a test to become an accredited investor.

Yeah, I mean I think you've raised a couple really interesting points.

One I think is important to emphasize, which is diversification is a way to protect yourself and so people who even may have opportunities to invest need to think about the

diversification of their whole portfolio including where you work. So sometimes you'll get opportunities to invest in the company you work in,

but you have to remember you don't want to have all your eggs including your career and your

investments necessarily in the same basket. So good things to think about. And you also want to think about how much money

you can afford to lose. And I'm not giving anyone investment advice. I'm not recommending any kind of

investments to anyone. But you do want to think about how much you can

afford to lose and you always want to ask a lot of questions of whoever is

asking you for that money. So I think your idea of a test is is one that others have thought of and I have had some initial inquiries about that.

I do urge people to come in and talk to the SEC. The SEC has opened the door for people to come in with ideas like this. The

notion of having some sort of capped investment amount is not something entirely foreign.

That is what we do in the crowd funding space.

There are limitations on the amount that and that is what we do in the crowd funding space.

There are limitations on the amount

that people can put in.

Again, as a person who comes to this

with the idea that people should be able to invest their money as they choose.

I get very uncomfortable when we're trying to micromanage people's finances,

but I can see that, you know, I have to work with colleagues who have who have who are maybe more

conservative than I am in that regard and they would like to put some breaks in

...