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There doesn't seem to be much information for non-accredited people wanting to invest. Is this only open to existing investors? Edit: found more info here http
by ed209 14y ago
There doesn't seem to be much information for non-accredited people wanting to invest. Is this only open to existing investors?
Edit: found more info here http://techcrunch.com/2012/12/19/angellist-now-gives-smaller-investors-a-piece-of-the-action-with-launch-of-angellist-invest/ http://techcrunch.com/2012/12/19/angellist-now-gives-smaller...
- benmathes 14y agoIt's only open to accredited investors. This is for legal reasons, I think. You can read more here: https://angel.co/help/invest https://angel.co/help/invest
- tptacek 14y agoIt's open only to accredited investors, because it is legally risky to accept investments from non-accredited strangers. It's commonly accepted practice to raise friends-and-family money from your existing network, but if one of those investors can claim their contact with you came from a solicitation to invest and not from some preexisting relationship, they can present legal risks down the line. It's my vague understanding that the real issue here is "weird" non-accredited investors make the legal part of raising a VC round much harder.
- nivi 14y agoHere's the AngelList take on why you want to avoid general solicitation and non-accredited investors https://angel.co/help/regulations#gs https://angel.co/help/regulations#gs