Obama’s SEC Trying to Kill Entrepreneurship

Leave a comment
Angel Investing / Entrepreneurs / Pasadena Angels / Raising Captial

Obama-Finger-Pointing1

 

Overwrought headline?  Hardly.

New SEC regs will destroy your ability to raise capital.

In a nutshell, new SEC rules will REQUIRE entrepreneurs to register with the SEC BEFORE approaching investors.  Worse yet, Angels will no longer be able to “self certify” as accredited investors–we will have to show W2’s or proof of our net worth, and most of us will never be willing to share such personal information.

And did I mention that pitch events will become a form of illegal solicitation?

Here is the Angel Capital Association’s take: SEC regs.

Please–call your Congressman, write your Senator, and post a comment at the SEC’s website.

Why is all this happening?  Because our Nanny State thinks Angel Investors need “protection”.  I normally try to keep my politics out of my blog, but this is ridiculous.  Startups create most of the jobs in this country, and unemployment is intolerably high.  So the solution is to cripple capital formation for startups?

This Administration and the SEC have lost their minds.  Do everything you can.  Your funding depends on it.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s