September 16, 2014
I am an investor in almost 70 startups and am already organizing groups of qualified angels to invest up to $1mm in startups via the crowd funding act.
I'm a huge supporter of Title III rules as I am frequently hearing from friends who want to invest small sums in startups, but can't
Startups like Linkedin, Paypal, Fastly, Evite, AngelList, Indiegogo and more took money from me and spent most of it hiring people to build their business (build software, do customer support and some marketing). Linkedin and Paypal hired 1,000's, the rest hired hundreds of people so far. These are great jobs. Often 6 figure, always white collar jobs... the type we as a country need more if.
I'm asking the SEC to issue the final JOBS ACT Title III rules ASAP so I can helpmore entrepreneurs launch their businesses create jobs.
Thank you
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Gil Penchina