I think we are at cross purposes because as I said, banks don’t invest in these startups. In terms of private money and tax breaks, if you pay income tax you can benefit, it’s not just a rich mans game. You’ll get the same tax break investing £10 in a startup via Seedrs as someone who puts £150k directly into another startup.
It was from here:
but I was wrong, £100,000 pa or £250,000 in savings.
I should probably have said “banks or” as I imagine the tax regimes are different.
Ah, I see now. I think those numbers are the UK definition of a ‘high net worth individual’. You don’t need to have a high net worth to invest in general though and still benefit from SEIS/EIS tax breaks. I think the likes of Seedrs though do ask whether you are, along with competancy questions to protect themselves in the event you lose your cash. After all, it’s worth remembering that failure rates for tech startups have a very high run rate.