>The current requirements for equity crowd funding include either 1 Million in non-residential assets, or a reliable 200k annual income (based on 2 years of inc

>The current requirements for equity crowd funding include either 1 Million in non-residential assets, or a reliable 200k annual income (based on 2 years of income, and it's 300k if you have a spouse). Actually that's not the case under equity crowdfunding. You're citing the definition of "accredited investor" in Regulation D of the Securities Act of 1933 (as amended in 1982); offerings to such investors have long had certain exemptions from standard registration requirements (VCs generally use Reg D exemptions, though obviously there were VCs long before Reg D). You may be confused because title II of the JOBS Act pertained only to accredited investors (it allowed "general solicitation" to such investors). The whole point (arguably) of titles III and IV of the JOBS Act — the so called "equity crowdfunding" titles — is that they allow investment by unaccredited investors in certain offerings. Hence "crowd."