Early stage, privately-held companies are high-risk investments, and many countries require individuals to meet specific criteria before being allowed to participate in these investments. Magic follows local regulations regarding accreditation, which vary country-by-country, but generally address the following two questions: What are the criteria for the minimum level of income and/or net worth of investors who are allowed to participate in these types of investments? What proof do investors have to provide in order to satisfy that they meet these criteria?