Thank you for sharing your prospective concerning ICOs. You seem to have done your homework and very knowledgeable on the subject. It will be very much appreciated if you can visit us often and share your wisdom.

Alternative funding, such crowdfunding, and ICOs when properly structured and in compliance with existing regulations are crucial for growth stage companies. Unlike before, when VC ruled because that was the only game in town, we now have many options. Unfortunately, it can be confusing, and much education is needed for entrepreneurs, who need funding, to truly benefit from it. I will do my best and share what I know.

In the case of DNotes, we are leaning in favor of Reg. A+ Title 4, Tier two for many reasons. It can be promoted globally to non-accredited investors subjects to 10% limit of investor’s annual income or net worth, whichever is greater. Of course, there is no limited for accredited investors and we can raise a maximum of $50 million over a continuous period of 12 months.  Tier 2 pre-empts Blue Sky laws in each state. Therefore, State registration is not required – a very big deal. When required, most registered or exempt funding campaigns limit their target markets to a few states where they are registered. Once quailfied by SEC, DNotes can legally mount a national and global campaign. That is quite amazing. I am very passionate about financial inclusion. The less fortunate, should not be excluded from investment opportunities because they are not wealthy. However, I am a staunch supporter of reasonable consumer protection.