5 ms·

If you think you're that good at picking financially successful startups, why not invest just money rather than time AND money?

by bri3d 11y ago

astral303 11y ago
Time is money.
thomaslangston 11y ago
Because you're not legally able to do so unless you're an accredited investor?
- pil4rin 11y ago
  Is this true? if so, how can sites like angel.co exist? I believe I can invest in most of the startups right now on there..
  - dangrossman 11y ago
    From the AngelList FAQ: "Investors are required to fill out a questionnaire to establish that they are accredited. You can only accept money from accredited investors whether you raise money publicly or not."
  - colbyaley 11y ago
    You must be an accredited investor to invest on angel.co. see: https://angel.co/help/general-solicitation/accredited https://angel.co/help/general-solicitation/accredited
- oblio 11y ago
  Hmmmm... I'm guessing this law exists to prohibit speculation by people who would use their children's tuition for it? I remember reading something about the Great Depression and it involved ordinary people investing in stocks and losing everything.
  - infinite8s 11y ago
    Not their children's tuition, their next month's rent or grocery bill.
- Retric 11y ago
  You can do friends and family financing without being an accredited investor. You just need an existing relationship before the investment. However, 200k for the last 2 years + an expectation for 200k next year qualifies you as an accredited investor. (300k if married) https://en.wikipedia.org/wiki/Accredited_investor https://en.wikipedia.org/wiki/Accredited_investor
- zeroonetwothree 11y ago
  If you have the $250k/yr at BigCo then you are accredited, so there you go :).
exw 11y ago
Because it is very difficult as an unknown individual to invest in any "real" startup vs the latest Uber/AirBnB clone on AngelList.
vonnik 11y ago
Because more people have time to invest than have money. And because investing time in a fast-growing startup is a hell of a lot more fun.
lafay 11y ago
Because I enjoy the work and I like being part of the action. I invest my money too, but it doesn't meet the same need.

If you think you're that good at picking financially successful startups, why not invest just money rather than time AND money?

by bri3d 11y ago

If you think you're that good at picking financially successful startups, why not invest just money rather than time AND money?

astral303 11y ago

Time is money.

thomaslangston 11y ago

Because you're not legally able to do so unless you're an accredited investor?

pil4rin 11y ago
Is this true? if so, how can sites like angel.co exist? I believe I can invest in most of the startups right now on there..
- dangrossman 11y ago
  From the AngelList FAQ: "Investors are required to fill out a questionnaire to establish that they are accredited. You can only accept money from accredited investors whether you raise money publicly or not."
- colbyaley 11y ago
  You must be an accredited investor to invest on angel.co. see: https://angel.co/help/general-solicitation/accredited https://angel.co/help/general-solicitation/accredited
oblio 11y ago
Hmmmm... I'm guessing this law exists to prohibit speculation by people who would use their children's tuition for it? I remember reading something about the Great Depression and it involved ordinary people investing in stocks and losing everything.
- infinite8s 11y ago
  Not their children's tuition, their next month's rent or grocery bill.
Retric 11y ago
You can do friends and family financing without being an accredited investor. You just need an existing relationship before the investment. However, 200k for the last 2 years + an expectation for 200k next year qualifies you as an accredited investor. (300k if married) https://en.wikipedia.org/wiki/Accredited_investor https://en.wikipedia.org/wiki/Accredited_investor
zeroonetwothree 11y ago
If you have the $250k/yr at BigCo then you are accredited, so there you go :).

exw 11y ago

Because it is very difficult as an unknown individual to invest in any "real" startup vs the latest Uber/AirBnB clone on AngelList.

vonnik 11y ago

Because more people have time to invest than have money. And because investing time in a fast-growing startup is a hell of a lot more fun.

lafay 11y ago

Because I enjoy the work and I like being part of the action. I invest my money too, but it doesn't meet the same need.