[kapilkale]

Agreed; we do this for regulatory reasons. We've got a limit on how many investors we can have per fund, and we can't sidestep that requirement by spinning up duplicate funds.

The high minimum investment is our equivalent of surge pricing.

We're working on it, though!

[toomuchtodo]

Anything stopping me from buying one of your $100k shares with an LLC that has multiple members?

[kapilkale]

No issues with that on our end. Plenty of investors using funds or LLCs with multiple members to invest.

You'll want to work with a lawyer to structure the vehicle, and have a full understanding of legal, compliance and tax considerations associated with it.

Edit: the entity investing must be accredited. Here's an overview of the criteria:

https://angel.co/help/accreditation/what-is-an-accredited-in...

[brianfitz]

Accredited investors only? If so, even lowering the floor to $10k might not help the OP (geared toward helping swanson with the details rather than any kind of suggestion).

Edit: and Kapil has answered :-)

[adamhooper]

How are you guys assessing the lookthrough in that case? If an entity is formed for the sole purpose of investing in your fund, I believe those investors count towards your limit.

[toomuchtodo]

Thank you! I'll get in touch shortly.

[rdlecler1]

Are you seeing any regulatory openings here? We (www.agfunder.com) think that indexing is a much better approach for individual investors looking to get some exposure to an asset class like venture.