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From memory signing up for Crowdcube last year (a colleague asked me to review a business he's been referred to), I had to 'tick a box' declaring I was a sophis
by JacobAldridge 12y ago
From memory signing up for Crowdcube last year (a colleague asked me to review a business he's been referred to), I had to 'tick a box' declaring I was a sophisticated investor (not the right legal term - I think I'm inserting the Australian equivalent into my memory). I presume a slightly more thorough approval process would be involved if I made an investment.
So it's crowdfunding, but not in the "everybody can play" model the article discusses.
- mbesto 12y agoYou're right, but the sophisticated investor requirements are very loose. http://www.seedrs.com/faq/items/65_what_are_the_eligibility_requirements_in_order_to_make_investments_through_seedrs http://www.seedrs.com/faq/items/65_what_are_the_eligibility_... http://www.legislation.gov.uk/uksi/2005/1529/schedule/5/made http://www.legislation.gov.uk/uksi/2005/1529/schedule/5/made
- arg01 12y agoInteresting to see that this does not include a similar declaration for someone with expertise in the field that the investment opportunity is in. Still I guess it could be argued that even if the business is successful you could be hard done by if you don't understand the financial instruments involved as well as you should.