And while I can appreciate their caution, changes in regulation are how new markets are made and the early movers become the winners. Fundersclub has the opportunity to be a first mover here, and instead they're ceding the opportunity. The hubris in the blog is amusing: You can only 'carry a big stick' when you're big. 7 digits is at least two orders of magnitude away from earning that level of cockiness.

> For example, we have already observed many instances where opportunities made available this week via general solicitation are being offered at different terms compared to what institutional investors like FundersClub are buying in at or seeing privately, with no disclosure made to the public investors that they are receiving worse terms.

Wait a minute. You mean to tell me that the professionals aren't buying in to pre-revenue startup convertible note deals that offer $10 million valuation caps and 2% interest?!?

Who woulda thunk?