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It's highly limited. If you have 300 friends you can't take $10k from each, unless they are accredited.
by rothbardrand 9y ago
It'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.