I wanted to point out that depending on how rulemaking goes in the SEC this is not necessarily true: the SEC is considering allowing all crowdfunding investors (people who have invested under the crowdfunding exemption in the JOBS act) to be bundled together into a single entity, thus easing the transition from crowdfunding to a Regulation D deal and possibly eliminating the need for a company to incorporate as a C corporation.

In addition full SEC filings are not required under the new crowdfunding exemption.