You can legally invest in startups without being Reg D accredited. However, most professionally-managed startups will not take investments from non-accredited investors because they don't want to go through the hassle of making sure they qualify for exemptions from Reg D.
Private Placements and Intrastate Offerings are the two primary exemptions to Reg D, and they swallow up the rule in general practice. Reg D does not affect most companies; indeed, it is only an issue in the startup world because some lawyers have tried to make it an issue in an effort to drum up business.
Private Placements and Intrastate Offerings are the two primary exemptions to Reg D, and they swallow up the rule in general practice. Reg D does not affect most companies; indeed, it is only an issue in the startup world because some lawyers have tried to make it an issue in an effort to drum up business.