Craft Pod is open to qualified investors who meet certain criteria. Because it is a private placement (and essentially a securities offering), investors must be “accredited investors” as defined by the SEC. In plain language, that typically means an individual with over $1 million in net worth (excluding primary home), or income over $200,000 per year ($300,000 with a spouse) for the last couple years, among other possible qualifications. This ensures that participants are financially sophisticated and can bear the risks of this illiquid investment. If you represent a trust, LLC, or other entity, the entity itself (or its owners) needs to satisfy similar financial criteria. Craft will have you fill out a questionnaire or certification to verify your accredited status during the subscription process.
Beyond the regulatory requirements, who is Craft Pod designed for? Our members tend to be investors with a concentrated stock position they want to diversify in a tax-efficient way, and who also have an interest in private aviation. You do not need to be a current aircraft owner or a pilot or have any aviation knowledge – Craft handles all the aviation operations (in fact, many members are newcomers to private jet ownership/usage). You also don’t necessarily need to be a ultra-high-net-worth billionaire; as long as you meet the accredited investor threshold and can meet the minimum investment (see Minimum commitment and ownership structure for more on that), you can be considered. Many Craft Pod investors are executives, entrepreneurs, or families who have a large position in a single stock (maybe from founding a company, or early investment) and are looking for diversification but also love the idea of having access to private flights. It’s a way to “upgrade” their lifestyle and do a smart financial move at the same time.
There may be some additional practical criteria: for example, since Craft’s operations are currently U.S.-based, we cater to U.S. persons or at least those who spend a lot of time in the U.S. (Part of the benefit is using the jets, which are primarily located in certain U.S. cities.) If you’re an overseas investor, there might be extra considerations or limitations. But generally, nationality isn’t a strict barrier – wealth and accreditation are the key factors.
In summary, Craft Pod is open to accredited investors who align with our minimum investment requirements and are interested in what we offer. If you check those boxes, you can join as an individual, through a trust, or via an entity as discussed. Craft will guide you through verifying eligibility. If you’re unsure about your status, reach out – we can quickly assess if you’re likely to qualify. Assuming you do, the next steps are simply reviewing the materials and proceeding through the subscription process. We want our members to be informed and engaged, but you certainly don’t need to be a tax or aviation expert (we handle that side; the help center exists to answer these sorts of questions!). The ideal member is someone looking for a creative way to diversify their investments and enjoy the journey – literally. If that sounds like you and you meet the financial criteria, you’re welcome at Craft Pod.