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Don't mind getting approval (I am assuming it's a somewhat simple procedure) and submitting periodic audited financial reports. We (Bandhub) think it is very important for our users' community to have ownership in the company. And feel this is a great first step towards equity grants in online communities ( ala Reddit Notes ). So we are happy to go through hassles to get it done ( it it's useful for you guys we can be beta testers of your platform )

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It's going to be closer to filing a Form S-1 (like with an IPO) than submitting a url and such, unfortunately. And it's probably going to cost tens of thousands of dollars in lawyer/accountant time before you can even start with Reg A+.

Users having ownership in a company can be a powerful thing, and I think we're going to see it more and more. Hopefully with the new SEC regulations companies like Reddit will be able to legally do what should be easy (gift people equity).

The upside is that the SEC reported to congress that they're going to get Title III (the part of the JOBS Act meant for startups and small businesses) implemented by October this year. I think that's going to be a much better fit for what you're looking for.

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