http://neveryetmelted.com/2009/01/13/whats-wrong-with-silicon-valley/ The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. -- D.H. Lawrence Fri, 25 May 2012 12:39:53 +0000 hourly 1 http://wordpress.org/?v=3.3 http://neveryetmelted.com/2009/01/13/whats-wrong-with-silicon-valley/comment-page-1/#comment-135122 Scott D Wed, 14 Jan 2009 07:11:00 +0000 http://neveryetmelted.com/index.php/whats-wrong-with-silicon-valley/#comment-135122 As someone who works in venture capital, I can confirm that Sarbanes-Oxley is a huge albatross. It inhibits companies from becoming public and imposes huge costs on those who do. Not a big deal to large incumbents, but a huge deal to emerging growth companies. VCs need the occasional home-run IPO to justify the investments. They are no longer seeing that possibility. It's almost as if Congress set out with an objective of retarding new company formations and driving entrepreneurs overseas. There probably aren't a dozen people in Congress who have ever started or run a business. It shows. As someone who works in venture capital, I can confirm that Sarbanes-Oxley is a huge albatross. It inhibits companies from becoming public and imposes huge costs on those who do. Not a big deal to large incumbents, but a huge deal to emerging growth companies. VCs need the occasional home-run IPO to justify the investments. They are no longer seeing that possibility. It’s almost as if Congress set out with an objective of retarding new company formations and driving entrepreneurs overseas. There probably aren’t a dozen people in Congress who have ever started or run a business. It shows.

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