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Accredited investor
Your individual income has been $200,000 per year or more for the past two years, and you expect that to continue.
You are married with combined income of $300,000 per year or more for the past two years, and you expect that to continue.
Your individual or joint net worth exceeds $1,000,000, excluding your primary residence.
Sophisticated investor
You have enough knowledge and experience in financial and business matters to evaluate the merits and risks of the investment on your own.