September 3, 2013
My company, RocketSpace, has helped over 200 technology startups raise funding. In the last 30 months our members have raised $3.5 Billion dollars of private investment.
Often, these great companies start with two people who don't have a thorough understanding of SEC policies. They are completely focused making a successful product and growing their startup.
The difficult filing requirements proposed will cause many startups to suffer the one year ban on raising funding. Which could put a startup out of business before it has a chance. Angel investors and VCs invested almost $50 Billion per year. The new rules can put all of us in the high tech world at risk.
Please reconsider the filing procedures and penalties.