I think this is a positive step, but doesn't go far enough. It looks like investing is still limited to accredited investors (individual income above $200k, household income above $300k, or net worth above $1M). So basically, most engineers who work at these companies can't invest in companies in their industry, but inexplicably their doctor can.

I'm not one to beat the drum of deregulation, but I think the accredited investor requirements are stupid and wrong. The beauty of the securities laws is that they democratized investing by addressing some of the information asymmetries in the public markets. Regimes that reduce disclosure requirements at the expense of creating accredited investor requirements throw the baby out with the bathwater. Essentially, you cut off many promising investments to the masses, and also artificially prop up the returns to a certain class of investors by lowering the supply of capital. It's a solution that's worse than the problem.