How to Fund a Startup
www.paulgraham.com
APRIL 28, 2010
The SEC defines an "accredited investor" as someone with over amillion dollars in liquid assets or an income of over $200,000 ayear. Once you take money from the generalpublic youre more restricted in what you can do. [ It wasnt because they werent accredited investors that I didntask my parents for seed money, though.
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