Tag: accredited investors
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Update to Accredited Investor Definition
The Dodd-Frank Wall Street Reform and Consumer Protection Act and later SEC rulemaking changed how the accredited investor definition works in a few important ways. Two updates that commonly show up in startup fundraising paperwork are the exclusion of primary residence from the net worth test and the SEC’s 2020 expansion of additional accredited investor…
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Life is Too Short to Deal with Non-Accredited Investors
Why your startup company should not raise money from non-accredited investors