August 16, 2013
While I'm incredibly enthusiastic about the JOBS Act, I believe the current implementation will undermine its intended goals. Rather than making it easier to raise money, startups will be hindered in paranoia by constantly seeking to ensure they're not running foul of the SEC regulations and ensuing penalties. By providing greater leniency in SEC regulations, the JOBS Act can be achieved in a way that provides the kick start which startups need to thrive, and the security the SEC wants to provide. I urge you to look at angel.co/sec to better understand our concerns. I'm confident we can find a solution that provides a solution both parties will be pleased with.