I think there is an important aspect of this that is being overlooked in this discussion. Every seems to assume that it will always be a single investor investing in a single company. What I think will quickly evolve is syndicates of small investors that pool their money and their intelligence, and will invest in multiple companies. Basically they will do what wealthy investors do to manage their risk.
We in the tech industry who also have an interest in finance and investing will play a constructive role by sharing our insights about the viability of these companies. The control of information is going to change dramatically - and for the better I hope.
