“Better late than never…..we hope!”

Thank you for your interest in Wall&Main. After being 26 months late, on March 25, 2015, the SEC released final Regulation A+ rules under Title IV of the JOBS Act. It has been 18 months since we delayed Wall & Main’s Phase Two launch scheduled for November 2013. We are eager to continue our quest to provide entrepreneurs with great potential, and individuals with the desire to help them reach that potential, with the most efficient and effective platform to meet and grow their businesses but it is not clear whether these new rules will enable us to do so. In fact, a quote from today’s Crowdfund Insider raises serious concerns…”Also, interestingly, the SEC did not mention Title III Equity Crowdfunding a single time either in this meeting or in Chairman White’s recent testimony before Congress.   This furthers the belief by many that Title III Equity Crowdfunding is dead in the water as it currently stands and may only be revived by an act of Congress.”

Our original plan was to begin to crowdfund businesses with two campaign alternatives... a donation/reward platform and an equity/debt platform for accredited investors, and to add the third leg of the stool…an unaccredited investor campaign platform as soon as it was legal. While we believe the first two are both significant opportunities; we formed our business to provide every person the opportunity to invest in quality startups and existing companies looking to expand. Therefore, it is this final piece of the puzzle, at least for Wall&Main, that is critical to our vision. We hope finally that the rules provide the legal framework that will facilitate equity crowdfunding for all investors…big and small.

We will be studying the new rules as published in the coming weeks to determine if our initial concerns have been rectified in the published rules. If they do, it is our intention to bring Wall&Main out of hibernation and continue to pursue our vision that crowdfunding is uniquely suited to help both investors and entrepreneurs ultimately succeed in the three fold goals of capital, company and job formation.

We continue to believe investing should not be the sole purview of wealthy investors, or a select group of companies capable of navigating today's fundraising realities. As soon as we make a final determination, we will announce it here at wallandmain.com.

Michael D London