3 ms·
"Normal" small businesses just take the money from the F&F and don't worry about selling securities to non-accredited investors. But presumably you're not a nor
by rms 17y ago
"Normal" small businesses just take the money from the F&F and don't worry about selling securities to non-accredited investors. But presumably you're not a normal small business, you're trying to build a billion dollar company. It's certainly not illegal to sell shares in your company to non-accredited investors, but it can be a problem for due diligence that can happen when raising money, selling the company, or going public. Loans are definitely easier.
http://www.thestartuplawyer.com/seed-funding/life-is-too-short-to-deal-with-non-accredited-investors http://www.thestartuplawyer.com/seed-funding/life-is-too-sho...