August 27, 2013
I am a founder of a digital start-up who is fuanraising and am compeltely flummoxed at the arcane rules you're imposing. I "get" that we need rules to avoid fraud, but these proposed rules are downright inhibitory towards founders who are fund-raising. I have abostley no clue why you need such strict and confusing rules that was not the intention of Congress.
While I'm raising $ for my venture, I will not be using general soltiication in the near future - it's way to risky and cumbersome. Ask early-starge founders what they think and how they interpret these rules and you'll ge tthe same ansewrs.