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> Myth #4: Most angel investors are millionaires. Calling this a myth is absolutely false and misleading. In the US (and in most other countries), there are la
by SeoxyS 11y ago
> Myth #4: Most angel investors are millionaires.
Calling this a myth is absolutely false and misleading. In the US (and in most other countries), there are laws requiring all investments in non-registered securities to be made by accredited investors. An accredited investor is someone with a net worth of at least 1M, or an income of over 200k for two consecutive years. Most people who invest qualify through net worth.
- arihant 11y ago> Most people who invest qualify through net worth. While this seems true, this program is geared towards encouraging the other group (those who can qualify on high income) to invest.
- JesperRavn 11y agoso you say something is a myth, not because it is untrue, but because you want it to be untrue?
- xiaoma 11y agoIf you hover on the card for myth #4, if flips over and says "they typically earn $60k to $100k a year". Does this level of income qualify someone as an investor in the US?