seriously dude, do you like to argue for no particular reason?

yes, it's likely not all investors will qualify -- not perfect, but it's reasonable to require some domain experience that can be provably audited. and yes, the investors who do qualify will likely not be completely sketchy and/or likely to commit fraud.

we picked a reasonable bar to get over that straddles both a rqmt of experience and some capital without making it so low that people could abuse it.

investing $300,000 in capital in 6 companies over 3 years does NOT seem like "virtually anyone" for "very little money".

your perspective again seems irrational & extreme.