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Re:SpaceX sends laser-linked Starlinks to the polar orbit by chronic3802 on Monday January 25, 2021 @03:10PM (#25908108)
You can purchase pre-IPO shares in SpaceX (minimum investment $250K) if you have $1M in net worth.
Re:SpaceX sends laser-linked Starlinks to the polar orbit by bpodgursky on Monday January 25, 2021 @03:13PM (#25908137)
Where? I didn't think any of the pre-IPO marketplaces took investment at that level.
Re:SpaceX sends laser-linked Starlinks to the polar orbit by Metacelsus on Monday January 25, 2021 @03:51PM (#25908677)
How?
Re:SpaceX sends laser-linked Starlinks to the polar orbit by hinkley on Monday January 25, 2021 @04:05PM (#25908871)
> In the U.S., the term accredited investor is used by the Securities and Exchange Commission (SEC) under Regulation D to refer to investors who are financially sophisticated and have a reduced need for the protection provided by regulatory disclosure filings.

In a pre-IPO company, VCs and other investment groups consider unaccredited investors to be a liability, and they'll either give worse terms or no terms. If you're worth a million bucks the SEC considers you to be a grown-up and that you'll ask questions rather than being spoon-fed data that can help you protect your investment, which takes away a bunch of scenarios where you can litigate.

I worked at a company that turned out to have an unaccredited investor. I didn't hear the details but they had to 'fix it' before the VCs would move forward with discussions. (They still didn't get the money.)

GP's implication is that if you have a million bucks you can get (are?) accredited, which will give you access to private shares. I've heard this too, but I couldn't tell you the details.

Re:SpaceX sends laser-linked Starlinks to the polar orbit by bpodgursky on Monday January 25, 2021 @04:23PM (#25909092)
I am an accredited investor and make (small) investments on a number of platforms (ex FundersClub, AngelList), but have never seen healthy late-stage pre-IPO companies like SpaceX on any of them.
Re:SpaceX sends laser-linked Starlinks to the polar orbit by hinkley on Monday January 25, 2021 @04:29PM (#25909170)
My read was that they were alluding to sites that allow employees to sell their options/shares to non-employees.

FundersClub and AngelList are more executive-focussed sites, aren't they?

Re:SpaceX sends laser-linked Starlinks to the polar orbit by aerospace_guy on Monday January 25, 2021 @07:19PM (#25910799)
What sites allow employees to sell their options/shares to non-employees?