Wait, what’s an accredited investor?
There are two types of investors: accredited and non-accredited.
Accredited investors are high earning individuals or business entities that meet certain financial requirements and are therefore considered “financially sophisticated.” If you’re making an annual income of over $200,000 or have more than $1 million dollars in net worth, then congrats, you’re an accredited investor.
If you make less than 200K a year and don’t have one million dollars to your name, then you’re what the SEC likes to call a non-accredited investor. But don’t worry, that’s not a bad thing.
Before 2016, only accredited investors could participate in crowdfunding investing platforms, like the School of Whales. Lucky for you, that’s no longer the case and anyone with either $2000 or $200,000 in the bank can get in on the fun.