Membership Criteria
Membership in Space Angels Network is limited to investors who qualify as "accredited investors" under Regulation D of the U.S. Securities and Exchange Commission. According to Rule 501(a) the following qualify as "accredited investors":
- Any natural person whose individual net worth, or joint net worth with that person's spouse, at the time of his purchase exceeds $1,000,000.
- Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year.
- Any trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase of the securities is directed by a person who has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment.
- Any organization that was not formed for the purpose of acquiring the securities being sold, with total assets in excess of $5,000,000.