Subject: File No. S7-06-13
From: Thomas Courneyea
Affiliation: Strategy and Growth Consultant

August 19, 2013

Limiting a start-up business' public fundraising initiatives undermines the spirit of freedom of entrepreneurship. Companies should be free to seek public funding without a difficult securities process which will inhibit the business in its early stages as it seeks to grow and create meaningful careers for others.

Furthermore, the penalty of a one year ban from public funding is harsh considering in that time, markets can change and more jobs will be lost.