Investing in startups generally requires being an accredited investor. To be an accredited investor they need to pass the Series 65 test and get licensed. Licensing can be state or federal, but federal is generally more convenient. Federal registration usually requires significant assets under management which the author certainly doesn't have, but the "internet adviser exemption" allows them to register federally (SEC) without the $ minimum.
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Investing in startups generally requires being an accredited investor. To be an accredited investor they need to pass the Series 65 test and get licensed. Licensing can be state or federal, but federal is generally more convenient. Federal registration usually requires significant assets under management which the author certainly doesn't have, but the "internet adviser exemption" allows them to register federally (SEC) without the $ minimum.