An "Accredited Investor" is defined by the Securities and Exchange Commission as someone who meets at least one of the following requirements:
- Has an individual net worth, or joint net worth with your spouse exceeding $1 million (excluding the value of one's primary residence)
- Has an income exceeding $200,000 (or $300,000 together with a spouse) in each of the past two years and expects the same this year
- Holds in good standing a Series 7, 65 or 82 license
- Invests on behalf of a VC firm or other registered investment company
- Invests on behalf of a business with $5 million in assets and which was not formed for the specific purpose of acquiring the securities offered
- Any entity in which all of the equity owners are Accredited Investors