Note, you can chose to keep your fundraising private, which allows you do to verify accreditation the old way. However, it's now unclear if events like Demo Day

Note, you can chose to keep your fundraising private, which allows you do to verify accreditation the old way. However, it's now unclear if events like Demo Day, a post on Facebook or other pitch events would count as 'general solicitation'. You don't want to run afoul of the SEC. Having murky guidelines is probably a good thing. The trend in fundraising really should be headed toward more public, less private. It's worthwhile to read up on the history of why we have this line between "private, accredited" investors and general fundraising and the Securities Act of 1933. After spending a good day - day and a half researching what the new law means for companies starting to think about looking for Angel and/or VC funding, I wrote up some findings: http://ink.hackeress.com/2013/09/what-title-ii-of-jobs-act-means-for.html http://ink.hackeress.com/2013/09/what-title-ii-of-jobs-act-m... Like most of the movements of the time (prohibition), the original intent of the law was noble, but ultimately was misguided.