Subject: File No. 4-605
From: Ben Stein
Affiliation: Associate Analyst, Research 2.0

July 8, 2010

To whom it may concern,

It's important to continue to innovate financing methods especially in ways that help small businesses and start-ups. This exemption is a great kind of financial engineering that creates value and helps people who need small amounts of money raise it. I personally work with two small companies in need of capital who are just not qualified to speak with VC's. There are millions of companies like this that may not qualify for institutional money but would be the right fit for crowd-funding. Many companies get ignored and go by the wayside because they don't fit size requirements and are not worth the time of the VC. I believe there are millions of small businesses suited for crowd funding and would benefit a great deal from it.

Regards,

Ben Stein
Associate Analyst, Research 2.0
Boston, MA