August 19, 2013
As a person in the middle of raising funds for a small technology startup, these new rules will create a situation where fundraising is not only incredibly time consuming, but will also cost money so that I can ensure that I don't slip up as going through the process. I've met with at least 20 different potential investors and don't even know how this would impact each and every meeting I have.
This would serve as a significant barrier to starting a business and it's counter to the spirit of creating jobs through entrepreneurship. It's disappointing, to say the least, that even more hoops will be created just to start a modest small business.