September 18, 2013
I'd like to support the points of view (attached below) expressed by Jonathan Nelson, Founder of Hackers / Founders, especially with regard to the need for automated, computerized filing to minimize start-up legal costs and administrative overhead.
-----------------comments attached----------------
I'm writing to express my concern regarding the proposed rules regarding the JOBS act's General Solicitation requirements.
In short:
I'm extremely concerned regarding the 1 year penalty, barring startups from fund-raising if they fail to comply.
I'm concerned regarding the filing requirements, for general solicitation, and requiring startups to provide legal boilerplate whenever they talk about their fund-raising.
I'd love for startups to be able to use 3rd parties to assist them in filing forms with the SEC digitally via computerized API.