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This has a lot less to do with VC preferences or entrepreneur preferences or even market preferences and a lot more to do with Sarbox. Anyone who has worked for
by saosebastiao 11y ago
This has a lot less to do with VC preferences or entrepreneur preferences or even market preferences and a lot more to do with Sarbox. Anyone who has worked for a publicly traded company has run into some bullshit bureaucratic requirement caused by Sadbox that makes no sense, whether they realize it or not. It is pretty well established in economic research by now that Sarbox has affected the capital environment away from IPOs and more towards VCs and Private Equity.
My favorite CS analogy is the Global Interpreter Lock. It had good intentions and in the single core world that it was invented in, it probably made sense. Now that we know better nobody is going to make that mistake again, but now everybody is up to their necks in legacy code and the only way to get out of it is a full rewrite.
- yuhong 11y agoI really wish the restrictions can be reduced so @pmarca etc can tweet more on the companies of which they are directors. I am thinking that Reg FD should be pretty broad too, making it clear that most public social media posts qualify while private ones may not be (providing list of examples would be a good idea).