Earlier quoted context omitted.
This seems like an excellent example for loosening regulations so that people other than millionaires can invest in startups. You want innovation? You want jobs? You want people excited about the future again? Make this one change (combined with efforts to ensure due diligence).
How do you plan to solve the scams problem? I also think that people should be able to invest without restrictions, but I understand where those limitations come from.
I think the benefits warrant investigating ways to do this so that the public knows what they're getting into, yet have the opportunity, as in the story above, to fund what investors won't.