March 12, 2014
To Whom It May Concern:
As a small business attempting to raise under $5 million this year with the goal of creating over 100 new jobs IMMEDIATELY at launch, I strongly encourage the SEC to ADOPT the changes allowing crowdfunding without state-by-state registration requirements for "qualified purchasers" (general public, non-accredited, unlimited purchasers).
My small, consumer-focused entertainment/restaurant business does not readily allow me to raise from venture capital or private equity. Only wealthy angels and rewards-based fundraising sites like Kickstarter are meaningful routes. Our consumer market research says our venture will be an enormous success however, I can't readily tap into that sentiment in a substantial manner from the current fundraising channels due to legalities.
I have been eagerly awaiting these changes to the law. Please make haste to enact the changes so I can launch my business and create jobs. They will make a tremendous difference.
Many thanks.