Raising the Reg CF limit to $20M
There are several reasons out lined in the letter in regards to why the limit should be raised. Below are my favorite ones:
- Both the United Kingdom and Germany have adjusted their caps to 8M EUR (US$9.4M). The United States should not be a follower but a leader
- Over $137M has been committed to these issuers. 95% ($130.4M) of that capital was funded and invested into 715 companies (68.5% success rate). These 715 companies are supporting 4,172 jobs and producing over $249M in revenue.
You can read the actual letter in here.