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There doesn't seem to be much information for non-accredited people wanting to invest. Is this only open to existing investors?

Edit: found more info here http://techcrunch.com/2012/12/19/angellist-now-gives-smaller...

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It's open only to accredited investors, because it is legally risky to accept investments from non-accredited strangers. It's commonly accepted practice to raise friends-and-family money from your existing network, but if one of those investors can claim their contact with you came from a solicitation to invest and not from some preexisting relationship, they can present legal risks down the line.

It's my vague understanding that the real issue here is "weird" non-accredited investors make the legal part of raising a VC round much harder.

Here's the AngelList take on why you want to avoid general solicitation and non-accredited investors https://angel.co/help/regulations#gs

It's only open to accredited investors. This is for legal reasons, I think.

You can read more here: https://angel.co/help/invest

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