Not sure. Is there a way I can invest in this fund?
How is this different from a Hedge Fund which focuses on bitcoin investments?
I'm intrigued by the idea of having a bitcoin startup fund that I can invest in. Help me diversify my "bitcoin project" investments.
If you are an accredited investor and are liquid for a few million im sure they will take your call.
A) don't think I'm an accredited investor, and
B) don't have a liquid (nor illiquid) few million.
How do I become accredited?
Why is "a few million" the minimum amount necessary?
The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:
a bank, insurance company, registered investment company, business development company, or small business investment company;
an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
a charitable organization, corporation, or partnership with assets exceeding $5 million;
a director, executive officer, or general partner of the company selling the securities;
a business in which all the equity owners are accredited investors;
a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;
a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
