Scott and Teddy open with a look at a new SEC petition proposing structural updates to Regulation Crowdfunding, including raising the Reg CF cap and modernizing fundraising pathways (00:00). They preview Investment Crowdfunding Week and Tim Draper’s keynote before digging into the petition’s core proposals (00:56).

The discussion explores whether increasing the $5M cap would meaningfully impact the market (04:03), why Reg CF → Reg A transitions remain clunky (07:18), and how loosening advertising rules could unlock more issuer and investor participation (09:22). Scott shares a hot take on raising minimum investment sizes to improve issuer economics (12:04), while Teddy questions SEC incentives to prioritize Reg CF reform (14:38).

They close with a candid discussion on compliance fatigue, why many issuers stop investor updates, and what industry maturity should look like as equity crowdfunding approaches its 10-year mark (16:08).