"As the CEO of a life sciences company that has raised more than $6 million from individual investors, we are particularly enthusiastic about the prospects crowdfunding brings to our industry. The risk of fraud has been ever present since the Roman’s coined the phrase, ‘Caveat Emptor’ (Buyer Beware!). The focus should be to accentuate the US greatest common denominator, the goodness of our people.
For the US to remain at the leading edge of both innovation and prosperity Americans have to take control of our individual and collective destiny. This legislation presents an opportunity to regain the trust and camaraderie among citizens and corporations in restoring capitalist ideals. With social media as the driver, communities and industries can invest in their collective interest."