Giving Businesses Their Wings

Do you know who the real angels are? And if you are an angel, do you know how to account for your time. In this incisive NY Times article, they point out that the Securities and Exchange Commission requires anyone who participates in alternative investments — including angel investing — to be a “qualified investor.” This means they have to demonstrate that they have had a six-figure income for at least the past two years or a net worth of at least $1 million. This is a good read for anyone on either the giving or receiving side of angel investing.