zapnap

Last week, we launched a petition (http://wefunder.com) to raise awareness about the Crowdfunding securities reform being debated in Congress. Thanks to HN and Reddit, after 2 days, over $4 million was pledged... causing Wefunder to be invited to Washington to talk to some of the lawmakers involved in the legislation.

On Friday, we're flying down to DC to meet with staff from all the players in the debate - two Senators (Brown, Merkley), the lead Congressman (McHenry), and the President's Office.

Some good points were raised in this thread: http://news.ycombinator.com/item?id=3529045. What other concerns or questions can we bring up? We have a chance of influencing the legislation.

As an example, one question we plan to ask: High-growth startups obviously don't want 3000 investors on their cap table. Can the proposed funding intermediaries give a business one giant check, and manage a fund of small investors, one for each startup?