an ipo costs ~1M and has recurring fees annually totally about ~1.5M[0]. I don't think this will be as revolutionary as some people are claiming it will be, but

an ipo costs ~1M and has recurring fees annually totally about ~1.5M[0]. I don't think this will be as revolutionary as some people are claiming it will be, but if there is less regulation you could see companies doing a kickstarter like model independently as a series A. > Every offering must be reviewed by and gain approval from the S.E.C., a process that takes more than 300 days, on average. Where did this stat come from? How is there an average if the law and approval are for something that does not currently exist? [0]http://www.pwc.com/en_us/us/transaction-services/publications/assets/pwc-cost-of-ipo.pdf http://www.pwc.com/en_us/us/transaction-services/publication...