The "accredited investor" definition, which has not changed significantly since its enactment almost 40 years ago, has been massively upgraded.

Technology such as cloud computing, machine learning, the "internet of things" and autonomous vehicles are changing society.

Electronic communications are ubiquitous in modern society. Companies now rely on the internet, email, text messages, social media and artificial intelligence chatbots to compete.

When you look around a business, it's easy to see the hard assets: products and equipment that could be lost, damaged, or stolen.