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http://en.wikipedia.org/wiki/Accredited_investors http://en.wikipedia.org/wiki/Accredited_investors If you could put 15-20k a month into startups, how are you
by joshu 16y ago
http://en.wikipedia.org/wiki/Accredited_investors http://en.wikipedia.org/wiki/Accredited_investors
If you could put 15-20k a month into startups, how are you not meeting the accreditation reqs?
I think the requirements are to cut off companies from taking investments from little old ladies. It's the startup that would get in trouble, not you.
You considered talking to a lawyer?
- lzw 16y agoI could put that amount in at the end of the period, not the beginning, and accredation requires either a higher salary than i have, or a net worth over a million, which I don't have. If preventing little old ladies was all that was needed, then it could be accomplished with a wavier.
- joshu 16y agoThe other issue that for angel investing is that you really ought to be doing 10+ investments a year to actually even out the risks so that you can get a return. That's a fairly high watermark. I've done approx 45 investments. One has returned (a small amount) of money in five years, so far.