Mar. 29, 2020
Dear Sirs, As an individual investor and small business owner who has participated in a number of crowdfunding deals, I would like to declare my support for the proposed release 33-10763 in its entirety. I believe small businesses are the backbone of the U.S. economy. By expanding access to much-needed capital through crowdfunding, the SEC can provide opportunities for this innovative segment of the economy while allowing everyday Americans to purchase equity in the next Netflix or Tesla, helping to create wealth as well as jobs. Many of these early-stage companies are suffering right now due to the COVID-19 outbreak and its devastating economic consequences. Particularly at this time, capital is needed and traditional sources are less likely to help. To help these businesses, the SEC should raise the crowdfunding limits from $1.07M to $5M so these companies can get the cash they need to get through this crisis and succeed in the future for the benefit of themselves and their shareholders. Help these American companies continue to bring their ideas and innovation to market despite the current turmoil. I feel this is an idea that is needed even without COVID-19 but is made more urgent by the current crisis. Thank you. Regards, William Rueth Bradenton, FL