Interesting approach. First, IANAL, so please go to SEC source:
Assume you have done this.
A few thoughts:
$1m limit makes sense for early stage. Unlimited raises are a haven for scammers.
Like use of ERC20.
Bureaucratic rules on investors mandated by SEC: don't love them but that is the rules.
Like that you have posted your LinkedIn profile - seeing background of founders is key.
The question is what you get by using an ICO vs traditional crowdfunding. I think the answer is liquidity. In which case you may consider launching on a platform like Lykke. What do you think @tempus?
The combo of regulated + ICO for CryptoEquity is interesting. Regulated may impose some constraints – but that’s life – but if it is Title III regulated for a $1m raise, audited financials are essential. If you combine that with ICO, you also get liquidity. Audited financials + liquidity = why we like publicly traded equities.
The key then is making sure that audited financials a) cannot be gamed (cough, Enron) and b) are not too expensive. A combination of cloud based ERP (Xero etc) with STP from transactions to accounting and b) automated governance (like what you are talking about and like what Koreconx offer) could make this the modern answer to Sarbanes Oxley (regulated + efficient/digital). What do you think @oscar