Subject: File No. S7-06-13
From: Arnaud Saint-Paul
Affiliation: CEO of Smartsy Corp

August 19, 2013

" Startups must notify the SEC 15 days before they publicly discuss raising money
Startups must file documents with the SEC every time they update their offering materials
Startups must include legal boilerplate every time they talk about their financing publicly"

Implementing such rules would create a lot of hurdles for startup companies instead of solving them. Such rules should not be activated below a certain amount (below $5M).