Legal Disclaimer
Important information about WTAN's legal structure and investment risks.
What WTAN Is NOT
NOT a Venture Fund
WTAN does not pool member capital or make investment decisions on behalf of members. Each member makes their own independent investment choices.
NOT a Broker-Dealer
WTAN does not execute securities transactions, hold customer funds, or provide brokerage services. Members negotiate investments directly with founders.
NOT an Investment Advisor
WTAN does not provide personalized investment advice or recommendations. We facilitate connections and provide educational resources only.
NOT an Investment Portal
WTAN is not a crowdfunding platform or investment portal as defined under Regulation Crowdfunding or Regulation A+.
Regulatory Status
West Texas Angel Network is NOT registered with the Securities and Exchange Commission (SEC) or any state regulatory agency.
WTAN operates as a membership organization that facilitates networking, education, and deal flow for accredited angel investors. We do not provide investment advice, manage member funds, or make investment decisions on behalf of members.
Investment Risks
High-Risk Investments
Investing in startups and early-stage companies carries substantial risk, including:
- •Total Loss of Capital: Most startups fail, and you may lose your entire investment.
- •Illiquidity: Startup investments are typically illiquid and may take years to realize returns (if any).
- •Dilution: Your ownership percentage may be reduced in future funding rounds.
- •Limited Information: Early-stage companies often have limited financial history and unproven business models.
- •No Guarantees: Past performance of any company or investment does not guarantee future results.
Member Responsibility
All investment decisions are made independently by individual members.
Members are solely responsible for conducting their own due diligence, evaluating investment opportunities, and making investment decisions. WTAN provides access to deal flow and educational resources but does not endorse, recommend, or guarantee any investment opportunity.
Members should consult with their own legal, tax, and financial advisors before making any investment decisions.
Accredited Investor Requirement
Federal securities laws restrict participation in certain private investment opportunities to "accredited investors" as defined under SEC Rule 501 of Regulation D.
WTAN membership requires accredited investor status to ensure compliance with securities regulations. Members are responsible for ensuring they meet accreditation requirements and maintaining that status throughout their membership.