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The White House Wants Advice On What's Blocking American Innovation
- russell 16y agoIn a hyphenated word Sarbanes-Oxley. This makes it so difficult to go public that that exit strategy is closed for most startups. Acquisition is about the only way to go. When I was privy to some discussions about going public half a decade ago, the cost SA was $3M to go public and $1M yearly to comply. A company had to be doing $100M per year to easily absorb the cost. It's even annoying at the developer level where once a year you have SA auditors poking into everything you have done. They know absolutely nothing about development. All they care about is process. It's case of preventing another Enron costs way more than Enron ever did.