🚨Proposed SEC rules challenge VC industry!🚀 In an effort to impose new regulations on private fund advisors, the SEC is inadvertently making it more difficult for startups and smaller venture capital funds to thrive. Key changes include standardized disclosure requirements, banning preferential side letters, and prohibiting conventional indemnification clauses. Experts worry that these new rules will raise the barriers to entry, further concentrating the industry and discouraging diversity in investment.💸 What are your thoughts on the new SEC proposals and their potential impact on innovation? Share your opinions in the comments! 🗣️👇