Is there a legitimate way to raise more than the $50 mill cap with Regulation A+?
Yes, in some circumstances. For businesses that lend themselves to segmenting their market, it may be possible to make multiple offerings by following a similar model to the one that Fundrise has used. Each Reg A+ entity is a standalone business and shares one management service provider. In this way, Fundrise has conducted multiple Reg A+ offerings simultaneously since 2016. So far this model has only been Qualified by the SEC in Real Estate situations, but the SEC may allow the same approach in other business areas. We don't know yet.
In theory, it makes sense that using a separate management entity this approach could be applied to businesses in other fields than real estate. Time will tell.