- Someone who has made $200k+ for the past two years and will continue to do so.
- Someone with joint income with a spouse exceeding $300k for the past two years.
- Net worth or joint net worth exceeding $1 million.
While this does make sense, it basically means the type of folks who are already quite rich and would be making these sorts of investments just have the tools and ability to make investments at a lower scale, and through a website.
It's definitely an interesting idea, but I'll be more excited about it when the investors they allow get closed to the "average people" in the industry who aren't sitting on a million dollars.
Senior level engineers, accountant, etc could have net worth exceeding $1 million once you factor in home ownership, 401k, stock portfolio, 401k, IRA, etc.
Potentially you'd open up angel investment from the 1-2% to the 5-10%.
Probably a fair amount of people (myself included) would like to be an angel investor. For people who are rich but not one-percenters cutting a check for $100,000 for a risky investment is a high barrier to entry. I'd be more inclined to make 10 x $1,000-$2,000 investments (bets?).
Could be interesting for niche markets if it bring in people with expertise, high income and are also decision makers in their day jobs: doctors, lawyers, small business owners, senior managers, corporate officers, etc.