Re:FundersClub: An online platform for making angel investments
by apaprocki on Saturday July 28, 2012 @02:22AM
(#4304868)
They don't define an accredited investor, the SEC does:
Re:FundersClub: An online platform for making angel investments
by kdsudac on Saturday July 28, 2012 @03:46PM
(#4306304)
My point is those thresholds aren't that high for people like "doctors, lawyers, small business owners, senior managers, corporate officers, etc."
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%.
Re:FundersClub: An online platform for making angel investments
by ontoillogical on Saturday July 28, 2012 @04:52PM
(#4306478)
I think the 1 million minimum doesn't include the value of your primary residence.
- 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.