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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"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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Looking at one's chequing account to determine one's net worth should be prima facie evidence that one is not a sophisticated investor.
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Yeah. Though only relatively-desperate or very small companies tend to do this, because having many smaller investors complicates the later VC-based math.
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