September 15, 2014
SEC, to whom is may concern,
I’m sending this letter to urge you to finalize the Title III program that allows young startups to crowdfund their companies.
I am a founder of a startup company that is looking to utilize this invaluable crowdfunding tool to help our company grow.
Our company is GTChannel. We are a growing multi-channel network focused on the automotive market. We have been doing very well thus far, and we knew it was time for outside fundraising. What we opted to do is to use this crowdfunding tool to help bring in the initial seed dollars we need. We believe this is a great way to fund.
Our plans have been geared around this option, which we see as an avenue for many startups to get their feet under them and grow.
We intend to crowd fund our startup with a 750k raise that will provide a runway of 12 months for our company. More importantly, it will provide 6-8 new jobs in the Los Angeles area.
This is where these dollars help the most, in supporting the hiring on employees that can help us scale our business. To that end, it should be of value to the SEC as well.
This is a low cost, not tax reliant means of encouraging job creation - that seems like a win-win for all.
Please finalize the Title III program as quickly as you can so that we may do what we can to grow our company, and provide jobs in the process.
Sincerely,
Scott Schlichter
Founder/CEO