Joe - I believe you can take your paper value of equity in Virtualmin to count towards being a "high net worth individual".
So you probably do qualify if there is any sort of valuation event for Virtualmin that sets your equity at a high enough value. I know lots of founders that do this.
Good thought, Immad. I hadn't even considered that. However, we haven't raised any additional funding after YC, so our valuation is indeterminate from a legal perspective (or way too low, since the YC money valued us at something like 300k five years ago), I guess? We'd only have revenues to go on, which would comfortably value us in the right sphere, but without a funding round or exit of some sort, I'm not sure how else to make that valuation stick.
So you probably do qualify if there is any sort of valuation event for Virtualmin that sets your equity at a high enough value. I know lots of founders that do this.