Angels - Overview
Angels must be accredited investors.
The federal securities laws define the term “accredited investor” in Rule 501 of Regulation D as a person who has individual net worth, or joint net worth with the person’s spouse exceeds $1 million at the time of the investment or has income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.
Angels must be accredited investors.
The federal securities laws define the term “accredited investor” in Rule 501 of Regulation D as a person who has individual net worth, or joint net worth with the person’s spouse exceeds $1 million at the time of the investment or has income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.