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"That ten-year investment cycle was invented for a world where early stage companies could quickly gain access to public capital, a world that ended with devast
by runako 3y ago
"That ten-year investment cycle was invented for a world where early stage companies could quickly gain access to public capital, a world that ended with devastating Sarbanes-Oxley act."
This seems wildly off. Tech unicorns aren't public for their own particular reasons, but the notion that a company worth tens of billions of dollars can't comply with regulation is silly. The median revenue of companies coming public is typically significantly below $100m, with a median time to IPO still in the 6-8 year range.
Why aren't tech unicorns going public and making their employees rich(er)? That's a totally different discussion that has little to do with Sarbanes-Oxley.