An investor must be one or more of the following:
• An accredited investor as defined under Rule 501 of the SEC regulations, which defines the same as: “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”; OR “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.” OR
• Must have such knowledge and experience in financial and business matters to be capable of evaluating the relative merits and risks of any investment.
Investors must understand that:
The West Virginia Angel Investor Network (WVAIN) is not a venture fund, investment bank, broker/dealer, investment clearinghouse, investment portal, or any other form of investment advisor or otherwise
WVAIN is not registered with the Securities and Exchange Commission or any state securities commission.
WVAIN does not provide advice, recommendation, or any other indication of appropriateness or inappropriateness for a particular investment.
WVAIN does not endorse any investment opportunity and makes no independent investigation to verify information provided by companies submitting to WVAIN for presentation or otherwise, and makes no representation or warranty regarding the same.
WVAIN is a facilitator for the meetings and acts simply to bring the potential investors and entrepreneurs together.
WVAIN meetings and communications are focused on investment pursuits and will not solicit another member for business.
Investors must conduct their own analysis and due diligence to determine the appropriateness of any investment they make in any company to which they are introduced through the WVAIN. As a result, investors recognize and agree that neither WVAIN nor its representatives or agents are responsible or liable for any investment decision they make as a result of being a member of the WVAIN.
- The choice to use and the manner of utilization of information and knowledge gained through WVAIN is the investor’s individual and personal choice.
- Any purchase of equity or other investment transaction shall be with the respective company, without involvement of, or participation by WVAIN.
Investors agree to pay the annual membership dues of $200. This may be adjusted at a later date by approval of a majority of the members in the WVAIN.
Investors will conduct themselves in a professional manner at all times.
Investors will respect the privacy of other members and not provide their name to any third party without their permission. They will keep membership information confidential.
Investors will disclose to the group any relationship they have or may have with a presenting company, including any personal gain they may receive from the company.