Subject: File No. S7-06-13
From: Chaim Meir Tessler
Affiliation: Deal flow manager at VC

August 19, 2013

I have heard that the SEC ruling on the way that the JOBS act will be implemented, will have stringent reporting rules. While that is important, I think that the rules are overly stringent for a company that is trying to start. Big corporates often report many quarters late, without substantial penalties. I don't think it fair to impose stricter rules on underfunding, understaffed companies that are in the early stages, otherwise they might never get the chance they need to grow, and with that, hire the employees and help the economy through their hard work and entrepreneurship.