July 11, 2014
I agree with the comment submitted by Kiran Lingam (http://www.sec.gov/comments/s7-06-13/s70613-546.pdf) that raising the accredited investor thresholds would be disastrous for startups, job creation and the U.S. economy. I believe the SEC should refrain from increasing these thresholds and should also adopt knowledge/experience based standards for an individual to become an accredited investor.
I run an angel investing group of 100+ members, and if we lose 50 members, it would be a huge setback for all of the positive work we have done. This is extremely important for both economic development and job creation in the US.
Managing Director, IrishAngels