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by brudgers
4145 days ago
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The reason investment funds require $1 million in assets (and that isn't your house) is because that is what it takes for a natural person to be deemed an [accredited investor] in the US. Nothing personal, but $25,000 doesn't make someone even a prosumer investor. That is the kind of money a company raises in an FFF round. As a stranger, you're neither friends nor family. It doesn't make sense for a company with traction to take your money. It's a week of operations, maybe. In exchange they get someone without diversification and without experience writing off five figure investments. And that person gets legal standing beyond anyone can sue anyone normalcy. [accredited investor]: http://en.wikipedia.org/wiki/Accredited_investor#United_Stat... |
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