August 17, 2013
The new proposed SEC rules are toxic for startups that thrive on resourcefulness. It puts up such high barriers to our ability to raise money that many startups will give up. Already success of a startup is compounded by many difficulties and the last thing we need is the government making it even more difficult for small, flexible, resourceful teams to compete against established companies. This is anti-innovation, corporation-favored and definitely anti-American legislation.