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Yes. You can only buy this if you can show income over 200k USD for the past 2-3 years (or meet other criteria which are less common for people on HN). https:/
by jzwinck 9y ago
Yes. You can only buy this if you can show income over 200k USD for the past 2-3 years (or meet other criteria which are less common for people on HN).
https://www.investopedia.com/terms/a/accreditedinvestor.asp https://www.investopedia.com/terms/a/accreditedinvestor.asp
- matte_black 9y agoThe HN community has fairly high net worth on average, I wouldn’t be surprised if a good amount here were accredited.
- greenyoda 9y agoMy guess is that there are a lot of young people on HN who may have negative net worths - just got out of college a couple of years ago and still paying off student loans. Probably more of those here than there are millionaires.
- matte_black 9y agoDoubt it. For one, HN is a global community and in many other countries the problem of college leaving you with crippling debt isn’t as big as what you see in America. And second, the largest demographic in HN by far are straight white males, who often come from middle class families with high earning incomes, enough to pay for education on top of whatever scholarships are earned. Aside from that, many have been in the tech industry for years or even decades earning six figure salaries. Assuming they keep decent savings invested or have had a few big wins it’s easy to see how this crowd can have some big pockets. And then there’s a sizable amount of outliers: cryptocurrency millionaires, founders of acquired companies, early stage employees post IPO or even current founders of multi-million dollar companies, maybe even a billionaire or two.