Tuesday, July 01, 2008

Bad economy for Venture Capital

A Cringing Quarter for Venture Capitalists
The National Venture Capital Association, the industry’s trade group, largely blamed a weak economy for the trouble its members are having finding profitable exits. But it said the government is to blame too, particularly for the dearth of initial public offerings. Were it not for excessive regulation in the form of Sarbanes-Oxley, it would cost less for companies to go public and there would be more offerings, the industry group said.

I don't think that there is any possibility of changing Sarbanes-Oxley in the present political environment.

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