Apr. 20, 2020
Good afternoon, I am writing to express my support of proposed release 33-10763 in is entirety. My name is Bill Ferguson and I am currently creating a technology platform that will enable fellow Entrepreneurs nationwide to quickly open and scale their business with a minimal capital outlay. As I have been developing my business model, one of the hardest parts is access to capital. Prior to COVID-19, access to capital was difficult through traditional sources. Now, in a model like mine, heavy in Intellectual Property and short on collateral, sources have all but disappeared. Regulation Crowdfunding is a great rule, and a great avenue, for citizens such as myself to develop capital. However, the $1.07M limit is too low. I, along with many others, would like to see the SEC immediately raise that limit to $5MM to help businesses grow, stay afloat and be able to be catalysts to a faster recovery from this economic climate we currently face. I would be open to participate in any forum, Q&A or other discussions related to this topic. Please consider the positive impacts this action will provide businesses moving forward. Please contact me with any questions at xxx.xxx.xxxx or at this email address xxxxxxxx@xxxxxxxx.xxx Sincerely, Bill Ferguson President National Chauffeur Network