Are there minimum investment requirements?
Yes. Investors must make an aggregate initial investment of $50,000 and allocate a minimum of $5,000 (less any applicable fees) to each company he or she selects. Thereafter, investors may make additional investments of as little as $5,000. These amounts are much lower than the minimum investment requirements of traditional venture capital funds. Furthermore, investors do not need to allocate their entire initial investment at once. Unallocated proceeds designated for investment via iSelect may be held at Millennium Trust, but funds deposited at Millennium Trust do not bear interest. Investors may request return of these funds at any time prior to investment in an iSelect portfolio company. Investors may also deposit unallocated funds in an account established for the investors benefit by the broker-dealer placing the investment with iSelect. Please also see ONCE INVESTED, HOW CAN I GET MY MONEY BACK OUT?