Are you an accredited investor?
To be considered an accredited investor, you must meet specific financial criteria. This includes having a net worth that exceeds $1,000,000, either individually or jointly with a spouse, excluding the value of your primary residence. Alternatively, you can qualify if your annual income has exceeded $200,000 for the past two years (or $300,000 jointly with a spouse) and you have a reasonable expectation of reaching the same income level in the current year.