Gumroad CEO Sahil Lavingia and Basecamp CEO Jason Fried on SEC fundraising limits

Yesterday, the SEC increased the amount entrepreneurs can raise from customers, supporters and the broader public from $1.07M to $5M. Gumroad is the first company to take advantage of the new rule. Sahil Lavingia, Gumroad founder and CEO, and Jason Fried, Basecamp CEO, join 'Squawk Alley' to discuss the increase in fundraising limits and whether it will impact the rise in SPACs.