4 ms·
Most all of the special vehicles and secondary markets I have heard of require you to be an accredited investor to participate. You have to be somewhat wealthy
by sammcd 16y ago
Most all of the special vehicles and secondary markets I have heard of require you to be an accredited investor to participate. You have to be somewhat wealthy to be an accredited investor ($200,000/year income or $300,000 if married)
I've heard these arguments a lot, but I've never seen anyone point to a specific case where someone with under a $50,000 a year income ends up with these stocks. Other than employees of course.
- gatsby 16y agoCorrect, most secondary markets only allow accredited investors. My point above is not that secondary markets are allowing the general public to buy shares, but rather, that secondary markets are a path to an IPO - i.e. if you were an accredited Goldman investor who bought in at a $50b valuation, you're likely hoping for a FB public offering to drive the valuation up to $75-100b so that you can dump your shares and double your investment.