Don’t I have to be rich to invest in startups?
Currently, U.S. residents still need to be “accredited” investors to buy startup equity. To be considered “accredited,” you need a net worth of $1 million, excluding your primary residence, or you need an annual income of at least $200,000 for the last two years, or $300,000 if you’re married.
The rules are arbitrary and outdated, but the good news is they’re changing soon. If Title IV of the JOBS Act legislation goes through as planned, anyone will be able to invest as little as $100 in private startups this summer.