4 ms·
If I'm reading the SEC rules correctly, to be an eligible investor, you must have an income in excess of $200K. Is that right?
by isamuel 13y ago
If I'm reading the SEC rules correctly, to be an eligible investor, you must have an income in excess of $200K. Is that right?
- lukethomas 13y agoYes that's right - for more information on when this type of investing will be available to everyone (sometime next year...hopefully), check this out: https://wefunder.com/post/37-what-founders-need-to-know-about-accredited-crowdfunding https://wefunder.com/post/37-what-founders-need-to-know-abou...
- gbelote 13y agoYou need an income of $200k/yr ($300k/yr if married) for at least two years, or a wealth of over $1m (excluding the value of your primary residence).
- xhrpost 13y agoI believe the JOBS act is supposed to eliminate this requirement but it hasn't been implemented by the SEC yet unfortunately.
- mcdougle 13y agoOr a net worth >$1mil At least, that's what it's always been. I'm not sure if the new law changes this; it was pretty ambiguous about that (at least to me as I skimmed over it). This is the first I've heard that they changed the laws for being a VC
- prostoalex 13y agohttp://www.sec.gov/answers/accred.htm http://www.sec.gov/answers/accred.htm