WASHINGTON--(EON: Enhanced Online News)--The following is a statement by Steve Case, Chairman and CEO of Revolution LLC, on the latest SEC rules on crowdfunding:
"I'm pleased that the SEC has taken this step to implement the bipartisan JOBS Act. The rules bring us closer to the day when start-ups can access capital more easily, and small investors can have a chance -- now enjoyed only by venture capitalists and elite players -- to get in on the ground floor of great new companies. I worry that some of the restrictions in these rules will make it hard for crowdfunding to have the full impact that it should have, but I hope that these concerns can be worked as we move forward. We need to strike the right balance between democratizing investment and protecting investors, and that remains a work in progress."