How is a ‘user profile’ different from an ‘investor account’?
An investor account belongs to a formal legal entity that invests. These investor accounts can be an individual, a trust, or an entity like an LLC or LP.
On the other hand, a user profile is generally connected with a specific email address and profile on Lilypads.com. So the user profile may be associated with multiple investor accounts.
Since investor accounts can belong to a trust or an entity, each account can have multiple team members with varying degrees of permission. Therefore, each team member is added to the investor account based on their user profile.
Generally, the sole owner of an investor account has the authority to add team members and regulate their permissions.
This help page and the information contained herein is provided for informational and discussion purposes only and is not intended to be a recommendation for any investment or other advice of any kind, and shall not constitute or imply any offer to purchase, sell or hold any security or to enter into or engage in any type of transaction.
Investing in venture capital funds is inherently risky and illiquid. It involves a high degree of risk and is suitable only for sophisticated and qualified investors.