Subject: File No. S7-06-13
From: Thomas Olson
Affiliation: CEO

August 20, 2013

Allow the company (or a third party like AngelList) to hold the financing materials so the SEC can access them via a permalink URL to an updated set of materials

Only require legends and disclosures when terms are communicated instead of in tweets, public statements, or other time fundraising is more casually mentioned

Drop the 15-day-in-advance before financing rule entirely and use the existing file-after-the-fact system

Dont impose death penalties for noncompliance. Instead, reduce the costs of compliance and keep more Form D information confidential so startups dont have to reveal sensitive information too early