I wish they would talk to a good accountant first. I believe they have good intentions, but this could cost them more than they think.
why do you assume they haven't spoken to an attorney? what is your expertise in this area? serious question.
Accredited investor requirements are NOT “a good faith requirement,” and there absolutely are ways “for Purism to validate your accredited investor status.” This statement, in a general solicitation e-mail no less, would not get sign off from any competent securities counsel.
Their fundraising site is tighter but still leaky. The notes are governed by Washington law [1], for example, which means e.g. they can’t ignore investor protections for non-Americans (as they claim). Also, other jurisdictions have securities laws—it is incorrect to claim if “not a United States citizen there is no restriction to invest” [2].
Finally, they are selling these notes through their store, which offers check out with Stripe. I was able to get to a credit-card checkout page. That’s a no-no on multiple levels.
(If you want to do something like this properly, look into Tier 1 Reg A+ offerings [3]. There are turnkey providers, e.g. StartEngine [4], though I'm skeptical of anyone requiring large up-front payments.)
[1] https://puri.sm/wp-content/uploads/2021/07/purism-convertibl...
[2] https://puri.sm/ir/convertible-note/
[3] https://www.bartonesq.com/news-article/reg-a-offerings-faqs/
[4] https://www.startengine.com/blog/regulation-a-what-entrepren...
Because an attorney who knew anything about securities law would have put a stop to this immediately.