[jboggan]

I wish I could do something like that but my friends and family are not accredited investors, even if they have $10k to give. From my understanding of securities law and compliance it really isn't possible.

[gricardo99]

In the U.S., depending on the state, there may be an exemption for friends & family:

https://www.strictlybusinesslawblog.com/2011/08/15/can-a-fri...

[gsylvie]

Exactly! Here's the BC, Canada website on exactly this (British Columbia Securities Commission): https://www.bcsc.bc.ca/For_Companies/Private_Placements/Priv...

[ttul]

In the US and most Canadian jurisdictions, friends-and-family can obtain an exemption from the accredited investor requirement. Same with employees.