Hi,

I am almost ready to rasise some money from angels, however, I heard I should make sure that my investors are all accrdited if not it might create problems for future rounds, acquisition and IPO down the road.... have you guys heard anything about that?

I also found this on someone's blog back in the days (food for your thoughts):

>"A startup's life will be more complicated, legally, if any of the
>investors aren't accredited. In an IPO, it might not merely add expense,
>but change the outcome. A lawyer I asked about it said:
>When the company goes public, the SEC will carefully study all prior
>issuances of stock by the company and demand that it take immediate
>action to cure any past violations of securities laws. Those remedial
>actions can delay, stall or even kill the IPO."

Let me know what you guys think,
Gilbert