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Agreed; we do this for regulatory reasons. We've got a limit on how many investors we can have per fund, and we can't sidestep that requirement by spinning up d
by kapilkale 10y ago
Agreed; we do this for regulatory reasons. We've got a limit on how many investors we can have per fund, and we can't sidestep that requirement by spinning up duplicate funds.
The high minimum investment is our equivalent of surge pricing.
We're working on it, though!
- toomuchtodo 10y agoAnything stopping me from buying one of your $100k shares with an LLC that has multiple members?
- kapilkale 10y agoNo issues with that on our end. Plenty of investors using funds or LLCs with multiple members to invest. You'll want to work with a lawyer to structure the vehicle, and have a full understanding of legal, compliance and tax considerations associated with it. Edit: the entity investing must be accredited. Here's an overview of the criteria: https://angel.co/help/accreditation/what-is-an-accredited-investor https://angel.co/help/accreditation/what-is-an-accredited-in...
- brianfitz 10y agoAccredited investors only? If so, even lowering the floor to $10k might not help the OP (geared toward helping swanson with the details rather than any kind of suggestion). Edit: and Kapil has answered :-)
- toomuchtodo 10y agoThank you! I'll get in touch shortly.
- adamhooper 10y agoHow are you guys assessing the lookthrough in that case? If an entity is formed for the sole purpose of investing in your fund, I believe those investors count towards your limit.
- rdlecler1 10y agoAre you seeing any regulatory openings here? We (www.agfunder.com) think that indexing is a much better approach for individual investors looking to get some exposure to an asset class like venture.