4 ms·

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 :).