General offering and solicitations are permitted under Rule 504 as long as they are restricted to accredited investors.
However, accredited investors are only needed when sold exclusively with state law exemptions on solicitation.
Sale of securities can be an unlimited number of accredited investors and up to 35 other purchasers.
The fund had a six-month lockup period and a minimum investment of $500,000 for accredited investors and $1 million for institutions.
U.S. regulations limit hedge fund participation to certain classes of accredited investors.
Fundology is a platform for accredited investors to discover private investment opportunities.
Angel groups are generally local organizations made up of 10 to 150 accredited investors interested in early-stage investing.
These markets are generally only available to institutional or accredited investors and allow trading of unregistered and private company securities.
CircleUp is able to operate in advance of the changing legislation because it focuses on accredited investors only.
Investors can also be outside angel investors, venture capitalists or accredited investors.