3 ms·
What? I can't take 10K from my parents/friends and give them equity?
by throwawaybbqed 9y ago
What? I can't take 10K from my parents/friends and give them equity?
- girvo 9y agoDon't quote me on this, but there's a specific-ish exemption for family/friends if I recall correctly.
- nivertech 9y agothere are specific exemptions for family, for friends and for fools ;)
- rothbardrand 9y agoIt's highly limited. If you have 300 friends you can't take $10k from each, unless they are accredited.
- vernon99 9y agoThis is why syndicates exist. Not a problem at all. Edit: not the only reason why they exist :) but a major one. To explain a bit more: syndicates allow you to consolidate multiple investors (not necessarily acredited) in an investment vehicle that then owns a chunk of stock in the company.