July 12, 2014
I agree with the comment submitted by Kiran Lingam at SeedInvest on July 8, 2014 available at http://www.sec.gov/comments/s7-06-13/s70613-546.pdf 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 investor.
Many small startup businesses, which are the employment engine of the US economy, fail because they are undercapitalized. Angel funding and advice, is a key and sometimes the only source of capital available to these entrepreneurs. Angels should be more encouraged rather than over regulated and discouraged from supporting these enterprises.
Sincerely,