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Is this true? if so, how can sites like angel.co exist? I believe I can invest in most of the startups right now on there..



You must be an accredited investor to invest on angel.co. see: https://angel.co/help/general-solicitation/accredited


From the AngelList FAQ: "Investors are required to fill out a questionnaire to establish that they are accredited. You can only accept money from accredited investors whether you raise money publicly or not."




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