3 ms·
I mean, why do I need to make $1M/year in order to prove to the US government that I'm worthy of investing into a startup Accredited investor is defined as eit
by patio11 9y ago
I mean, why do I need to make $1M/year in order to prove to the US government that I'm worthy of investing into a startup
Accredited investor is defined as either of $1m assets exclusive of positive home equity or income north of $200k for two years ($300k if you need to include a sompouse) and reasonable expectation of the same.
I sympathize with the general complaint but as this is a thing that many HNers will confront at some point I thought I'd correct the record.