Can an Angel Investor Group have investors who are non-qualified under SEC rules?
October 18, 2009 by
Filed under angel investors
I want to create a private Angel Investor Group that mainly has non-qualified investors who want to invest in alpha-stage private startup firms needing $25,000 to $250,000 in startup capital. Can I legally operate this group within the SEC rules? How?
look into the minimum number of investors exceptions
also, if the deal is structured as a real estate deal, SEC rules do not apply [state laws do].
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frankly, early stage private startups are so risky that any non-qualified investors would be well advised to stay out of your venture. still, some folk wanna do what they want to do