New Fundraising Rules will Hurt Startups
You may have heard that there are new proposed rules for startups to fundraise more publicly. This is AWESOME, but the SEC suggested some changes that will make it actually a lot more difficult. Like … — Startups must notify the SEC 15 days before they publicly discuss raising money. — Startups must file documents with the SEC every time they update their offering materials. — Startups must include legal boilerplate every time they talk about their financing publicly. This is just not feasible and it will hurt startups. Our friends at AngelList have put together a site to explain it all. Please get involved and tell the SEC what you think.