In this segment Ken chats about his investors: ow MC Companies qualifies them, why as a company they choose to only work with accredited people, and how MC Company is different than other companies when raising money and investing.
What is an Accredited Investor?
An accredited investor is a person or entity who has been deemed capable of taking on the increased risks associated with certain investment offerings. Accredited investors have the best choices when it comes to investment options beyond exchange-listed securities. At MC Companies, we choose to work solely with accredited investors.
What Are the Requirements?
To qualify as an accredited investor, a person must meet one of two tests:
1. Have an annual income of at least $200,000 (or $300,000 for joint income with a spouse) for the last two years with the expectation of earning the same or higher income in the current year; or
2. Have a net worth exceeding $1 million, either individually or jointly with their spouse. (The value of your primary residence can’t be included when calculating net worth)
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