4 ms·
I wish I could do something like that but my friends and family are not accredited investors, even if they have $10k to give. From my understanding of securitie
by jboggan 9y ago
I wish I could do something like that but my friends and family are not accredited investors, even if they have $10k to give. From my understanding of securities law and compliance it really isn't possible.
- gricardo99 9y agoIn the U.S., depending on the state, there may be an exemption for friends & family: https://www.strictlybusinesslawblog.com/2011/08/15/can-a-friends-and-family-round-include-non-accredited-investors-should-it/ https://www.strictlybusinesslawblog.com/2011/08/15/can-a-fri...
- gsylvie 9y agoExactly! Here's the BC, Canada website on exactly this (British Columbia Securities Commission): https://www.bcsc.bc.ca/For_Companies/Private_Placements/Private_and_early_stage_businesses/#FamilyFriends https://www.bcsc.bc.ca/For_Companies/Private_Placements/Priv...
- deleted 9y ago[deleted]
- ttul 9y agoIn the US and most Canadian jurisdictions, friends-and-family can obtain an exemption from the accredited investor requirement. Same with employees.