October 25, 2013
I believe that you are making a large mistake in proposing a restrictive rule on a newly emergent market. The proposed $1 million cap on crowd funded projects limits public excitement for new innovations across a broad range of products. Never before has the public been able to be venture capitalists and the benefits received by all parties far outweigh any risks. Organizations like Kickstarter.com have a great ability to bring innovation to markets that are too small to participate in normal means of obtaining venture capital.
Please, reconsider the cap and either keep the hands off this emerging system or impose a much higher cap in the neighborhood of $10-$25 million to if you do decide to interfere with the public’s desire for free trade.
Ben Barnes
Director of Tribal Gaming
Miami Nation Enterprises
3531 P Street NW
Miami, OK 74354