July 9, 2014
I agree with the comment submitted by Kiran Lingam at SeedInvest on July 8, 2014 that raising the accredited investor thresholds would be disastrous for startups, job creation and the U.S. economy. I believe the SEC should refrain from increasing these thresholds and should also adopt knowledge/experience based standards for an individual to become an accredited investors.
People can invest all they want in other markets regardless of their income, yes startups are far riskier, but can be much more rewarding and exciting.