Thomas Stöcklein@tomstocklein · FoundersFundersFuture.com
Hi Naval & Kendrick, Great to have you on PH and Congrats on Republic! 1) How do you see Reg CF* evolve over the next few years? 2) If you could rewrite Reg CF, what changes would you make and why? 3) Would you say that equity crowdfunding is still facing opposition from the 'financial services industrial complex', lobbyists and politicians? *Regulation… See more
Kendrick Nguyen@kendrickesq · Co-Founder, Republic
@tomstocklein Hi Thomas - 1) RegCF campaigns should be easier and cheaper to execute over time, making it competitive in market size to pre-seed financing from traditional angels. 2) I would remove GAAP accounting for pre-seed companies, raise the annual cap from $1M to $5M, and allow for syndication of investors through a joint entity.
Kendrick Nguyen@kendrickesq · Co-Founder, Republic
@tomstocklein 3) less of an "opposition", and more doubt and reservation IMO, which is not unfair and should lessen over time.