>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

>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. I'm sure this had nothing to do with the massive glut of VC money driven by insanely low interest rates which drove irrationally favorable terms for that VC money.