Is Focusing on Accredited Investors the Right Strategy for Building LP Lists in New Fund Management?

From my understanding we should focus on individuals who are accredited investors only in as we build our LP lists ( in addition to any institutions although they are less likely to invest in a new fund manager is that correct? below is a list of the criteria i was able to find but I'd appreciate confirmation if this is correct Who is an accredited investor? An _accredited investor_ in the context of a _natural person_ includes anyone who: • earned income that exceeded $200000 (or $300000 together with a spouse or _spousal equivalent_) in each of the prior two years and reasonably expects the same for the current year OR • has a net worth over $1 million either alone or together with a spouse or _spousal equivalent_ (excluding the value of the person’s primary residence) OR • holds in good standing a Series  or  license.