Broadly speaking, the answer is no. You do not have to be an accredited investor to be a startup scout.
How come? Well, it's simple. The concept of an accredited investor comes from the SEC and its goal is to protect unsophisticated investors from losing money in high-risk investments. But as a scout, you are not investing your money and usually no money at all.
Instead, scouts usually refer startups as potential investments to investors. Those investors are sophisticated to be able to assess the investment opportunity and decide for themselves the associated risks and rewards before going ahead with their investment.
Both types of scouts have as their main goal to source new startup deals to invest in. lInternal VC scouts are usually part-time or full-time employed as an intern, researcher, associate, or junior partner. External scouts are not officially employed by the investor and are usually compensated on a deal-by-deal basis.
Read full answer »Venture scouts are resourceful connectors that may assist venture capital firms in discovering hidden, exceptional startups and founders to invest in ahead of the competition.
Read full answer »While both documents may contain similar elements, it's the angle from which each is written that makes the difference.
Read full answer »Yes, you can. In fact, unless you're independently wealth, you should work while being a scout to sustain a living.
Read full answer »Having investment experience is not a requirement to start a role as a VC scout. So for example you don't need to have a history of investing your or other people's money in startups.
Read full answer »As a VC scout, you can expect to have a different compensation or salary based on the firm you work with. Options include cash on deal completion, cash for relevant intros, startup equity proportional to the investment, and your own micro-fund.
Read full answer »A startup scout is a person that helps venture capital firms discover new startups to invest in. A startup scout can also be known as a venture partner, venture scout, VC scout, etc.
Read full answer »Join the free Superscout community!
🌍 Meet other scouts globally.
👀 Get first dibs on new scout programs and VC openings.
✨ Get feedback and investor recommendations for your deal memos.
✌️ Learn and grow together as a community!