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Bezos works on wall street before Amazon I think most of his F&F were quite well off already, anyone who can easily dump $50K into a friends project doesn’t hav

Bezos works on wall street before Amazon I think most of his F&F were quite well off already, anyone who can easily dump $50K into a friends project doesn’t have money problems. One trait successful investors share is that they don’t cry over missed opportunities.

one2know 6y ago
Exactly. If I were to ask my F&F for money they would ask me if I'm in trouble, what's wrong, and if I can pay this month's rent. All in who you know whether your business launches or not.
true_religion 6y ago
Being well off doesn't make you a successful investor. You could simply be have inherited your wealth, or worked in a profitable industry. Lots of people on HN could quality as accredited investors just from having being a part of a double income couple, getting paid tech worker salaries.
- scarface74 6y ago
  Just to cite a source... https://www.investopedia.com/terms/a/accreditedinvestor.asp https://www.investopedia.com/terms/a/accreditedinvestor.asp To be an accredited investor, a person must have an annual income exceeding $200,000, or $300,000 for joint income, for the last two years with expectation of earning the same or higher income in the current year. An individual must have earned income above the thresholds either alone or with a spouse over the last two years. The income test cannot be satisfied by showing one year of an individual's income and the next two years of joint income with a spouse. The exception to this rule is when a person is married within the period of conducting a test. A person is also considered an accredited investor if they have net worth exceeding $1 million, either individually or jointly with his spouse. The SEC also considers a person to be an accredited investor if they are a general partner, executive officer, director or a related combination thereof for the issuer of unregistered securities.

one2know 6y ago

Exactly. If I were to ask my F&F for money they would ask me if I'm in trouble, what's wrong, and if I can pay this month's rent. All in who you know whether your business launches or not.

true_religion 6y ago

Being well off doesn't make you a successful investor. You could simply be have inherited your wealth, or worked in a profitable industry. Lots of people on HN could quality as accredited investors just from having being a part of a double income couple, getting paid tech worker salaries.

scarface74 6y ago
Just to cite a source... https://www.investopedia.com/terms/a/accreditedinvestor.asp https://www.investopedia.com/terms/a/accreditedinvestor.asp To be an accredited investor, a person must have an annual income exceeding $200,000, or $300,000 for joint income, for the last two years with expectation of earning the same or higher income in the current year. An individual must have earned income above the thresholds either alone or with a spouse over the last two years. The income test cannot be satisfied by showing one year of an individual's income and the next two years of joint income with a spouse. The exception to this rule is when a person is married within the period of conducting a test. A person is also considered an accredited investor if they have net worth exceeding $1 million, either individually or jointly with his spouse. The SEC also considers a person to be an accredited investor if they are a general partner, executive officer, director or a related combination thereof for the issuer of unregistered securities.