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Dave McClure says that his liquid net worth is less than $1M
- elsewhen 15y agoto make angel investments in the U.S., you need to be an "accredited investor." this requires that the investor is: "a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase" or "a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year" source: http://www.sec.gov/answers/accred.htm http://www.sec.gov/answers/accred.htm