Founder and funder Mitch Kapor, shown here with his wife Freada Kapor Klein, has written to the SEC warning that its proposed fundraising rules could be a disaster for small business and startups. Spencer Brown/San Francisco Business Times
Longtime tech founder and funder Mitch Kapor on Wednesday joined the chorus of startup experts who oppose fundraising rule changes proposed by the Securities and Exchange Commission.
“Practices that have worked well without incident for decades could suddenly become unintentional minefields for honest startups and sophisticated investors alike,” said the man who founded Lotus and co-founded the Electronic Frontier Foundation and Mozilla Foundation.
Kapor has made more than 200 seed and early stage investments over a 28-year career and is now managing partner of Kapor Capital, which makes 20 to 25 new investments each year.
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