Matt Levine on accredited investors: https://www.bloomberg.com/view/articles/2018-09-24/earning-the-right-to-get-swindled … My rough feeling on this:
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Here's the general way this plays out, assuming all parties are "in the know": "What's your salary?" "Healthy but nowhere near the bar." "What's your net worth?" "Barely a positive number." "Really. You own virtually nothing." "I have virtually nothing in checking."
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"What company in Silicon Valley is worth what it has in checking?" "... Oh." And after that it's a quick exercise in accountancy. (Run it by your own lawyer or accountant; reporting not endorsing, etc.)
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End of conversation
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