AngelGate: Chris Sacca Responds To Ron Conway

Re:AngelGate: Chris Sacca Responds To Ron Conway by joshu on Monday September 27, 2010 @01:57AM (#1730864)

http://en.wikipedia.org/wiki/Accredited_investors

If you could put 15-20k a month into startups, how are you not meeting the accreditation reqs?

I think the requirements are to cut off companies from taking investments from little old ladies. It's the startup that would get in trouble, not you.

You considered talking to a lawyer?

[ Parent | on HN ]

Re:AngelGate: Chris Sacca Responds To Ron Conway by lzw on Monday September 27, 2010 @06:47AM (#1731241)

I could put that amount in at the end of the period, not the beginning, and accredation requires either a higher salary than i have, or a net worth over a million, which I don't have.

If preventing little old ladies was all that was needed, then it could be accomplished with a wavier.

[ Parent | on HN ]

Re:AngelGate: Chris Sacca Responds To Ron Conway by joshu on Monday September 27, 2010 @08:06PM (#1734056)

The other issue that for angel investing is that you really ought to be doing 10+ investments a year to actually even out the risks so that you can get a return. That's a fairly high watermark.

I've done approx 45 investments. One has returned (a small amount) of money in five years, so far.

[ Parent | on HN ]