[cellis]

You have to be an accredited investor, most even non-faang-but-sv-sfbay senior swes can demonstrate this after 3 years.

[desdiv]

You can also pay a few hundred dollars to take the Series 65 license exam and obtain accredited investor status through certification.

[pavlov]

Isn’t the requirement $2M net worth? Or did that change?

[smabie]

250k/yr in income or 1m in net worth. So many (most?) SV engineers are qualified.

[oneearedrabbit]

Correction: an individual income - 200k/yr as of Oct-15, 2020 [1]

> Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year

[1] https://www.ecfr.gov/cgi-bin/retrieveECFR?gp=&SID=8edfd12967...

[ojbyrne]

Also if you're married, joint income of $300k. For 2 people working in Silicon Valley, that's easily achievable.

[jhardy54]

Maybe at FAANGs, but $250K is far above the median SWR salary in SV.

[bradlys]

Maybe for salary but not for TC. I suspect median TC in the bay area is close to $250,000 just because of how many people are earning $300k+ at public companies.

[jhardy54]

According to levels.fyi, you're right: https://www.levels.fyi/Salaries/Software-Engineer/San-Franci...

Median Compensation Package: $237,000

- Base Salary: $152,000

- Stock Grant: $85,000

- Bonus: $1,000

[person_of_color]

Real world isn’t Blind

[einarvollset]

Accredited Investor: Basically $200k annual income or $1m net worth

Qualified Client: $2m net worth

Qualified Purchaser: $5m in “investments” not including the fund invested into

</venture compliance nerdery>

[person_of_color]

How? do vests count as income here?

[shajznnckfke]

Anything that shows up on your tax return.