[maxdemarzi]

Look up the term accredited investors and why you would only want them investing. Here I'll help you out:

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

http://thestartuplawyer.com/convertible-notes/life-is-too-sh...

[imsaar]

Is there a possibility of creating a pool of non-accredited investors that solve the problems pointed out by the second article?