In the last year I have spoken to a number of investors who didn’t seem as experienced or knowledgeable as other investors who I have spoken with. Those were just observations though. Are there certain certifications that I can ask for in these situations to make sure the investor I’m speaking with is legitimate?
Are you looking for investors, or investors that would also be playing a role in your business? Not sure why you are concerned that thee investors are not as experienced as your other investors ? Also, not sure what legitimacy has to do with being an investor? Perhaps if you fleshed out your concerns a bit more, I, and others could be more help to you? Regards Bryan
Andy is right. If they say yes, then ask what they invest in. Many are specialist in some field. Finally, if 1) they invest, and 2) they invest in your field, ask them 3) what size of investments they make. You can jump through many hoops to find out they only write checks for $5000.
You noticed "didn't seem as experienced or knowledgeable" and then asked about "legitimate" - those are very different things. (In the US, there are various restrictions on investments by "not rich" people, which is yet another thing.) Moreover, "legitimate" can mean many different things, many of which are irrelevant.
Let me suggest a good initial filter - do they actually invest? If they don't, none of the rest matters.