You made a straw man argument that drew me into a straw man argument and here we are arguing about something totally irrelevant. Nobody is saying that investors have no rights.
Are you saying that if Matasano took funding from a VC that had CalPERS as a limited partner, we might have to make additional SEC-mandated disclosures to account for CalPERS investors? You're right: I can't tell you that I know that we wouldn't; I can only call "BS" and wait for someone else to add facts.
"You made a straw man argument that drew me into a straw man argument and here we are arguing about something totally irrelevant."
Not really. You argued that Goldman Sachs created a venture fund, and that therefore, Facebook is immune from disclosure laws. I'm saying that there's a substantial practical difference between a venture fund and what Goldman appears to be doing here (not the least of which are issues of investment diversity) and that, even if that weren't true, it's not clear that financial disclosure laws can be bypassed so easily (the CalPERS digression was yours). Other experts happen to agree on these points, so I don't think I'm coming out of left field.
But since I'm not one of those experts, and you don't seem to have any special knowledge beyond your own opinions on the matter, this thread is more heat than light. I'm done with it. Counterarguments aren't "straw men" just because they don't directly refute your original points.
Are you saying that if Matasano took funding from a VC that had CalPERS as a limited partner, we might have to make additional SEC-mandated disclosures to account for CalPERS investors? You're right: I can't tell you that I know that we wouldn't; I can only call "BS" and wait for someone else to add facts.