4 ms·
I understand the rationale behind most securities laws, but they definitely do stifle innovation and favor the big guys that can pay the lawyers to understand t
by Prrometheus 18y ago
I understand the rationale behind most securities laws, but they definitely do stifle innovation and favor the big guys that can pay the lawyers to understand them.
- mattmaroon 18y agoEh, it's not that bad really for the little guys. And the mega corporations can afford it. It's clearly gone overboard and stifled the IPO market (which I guess you'd call mid-sized companies) but the only real headache for startups is that you have to make sure your investors are accredited. And, apparently, you can't post a term sheet on Twitter.
- Prrometheus 18y agoWell, we essentially have the same capital markets that we had in the 30s, frozen in time by securities laws. I just wonder how it might be easier and cheaper to raise capital today if there were the possibility for innovation.