Subject: File No. S7-06-13
From: Geraldine Smythe
Affiliation: CEO

August 20, 2013

The proposed rules on fundraising you are putting forward, inclusive of the multiple layers of paperwork to file and the 1 year ban if a mistake is made by a startup company are over-burdensome to the point of being onerous. These rule proposals are draconian and will not allow the brimming pool of talented entrepreneurs who are eager to risk a lot to help jump start job creation and more for the US do what they do best in a timeframe that is crucial to their launch and growth. While it's important to strike a balance between real business facilitation and consumer/investor protection, these rules would actually hurt both. Please reconsider intelligently for everyone's benefit. The vast majority of entrepreneurs are eager to make a positive difference and look to the SEC to support not hinder them when their challenges are already monumental.
Thank you.