Cool, so does this mean he can raise investment capital from non-accredited investors? I filed my own C-corp in NY state (All the paperwork is boilerplate, the

Cool, so does this mean he can raise investment capital from non-accredited investors? I filed my own C-corp in NY state (All the paperwork is boilerplate, there's just a $200 filing fee)... I wonder if SEC filing is reaching the same level of boilerplate where anyone can do it with standard forms? If so, or if it's so easy a 19 year old beer pong enthusiast can do it, then why are there only about 8 or so IPO's per year?