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Posted on 12/22/2008 8:39:10 AM PST by giant sable
Even as economic losses and unemployment levels mount, America's most effective engine for wealth and job creation is being dangerously -- perhaps fatally -- compromised.
(Excerpt) Read more at online.wsj.com ...
Sarbanes-Oxyly ran off all the venture capital.
Not without the compliance of Silicon Valley itself. Hasn’t Silicon Valley pumped zillions of dollars into the pockets of the corrupt politicians in Washinton?
In 2050, the Chinese will write the history of the Fall of America. Readers will ask: “What were they thinking?”
Sacramento is doing it's share
Too close to home now...
ping
Obama said he’d rather have more equality, even if it means everyone would be worse off.
Gov't could care less, mainly because they don't understand such things. One of my favorite examples is Governor Celeste of Ohio years ago was miffed because so many OH corporations were moving to lower-cost sites, mainly in the South. So, Celeste drafted and passed legislation that would require any company that closed its doors to leave the equivalent of six months wages to cover unemployment benefits and retraining for their workers. Six months later Celeste was scratching his head trying to figure out why there were zero new business startups in Ohio. In less than a year, the legislation was revoked.
Come on, guys, how friggin' stupid to you have to be not to see that freight train coming? Alas, most of the people in Washington aren't even that bright...at least Celeste admitted the problem and killed it. Washington simply passes additional regulations to "fix" the bad ones already in place. Idiots...
Obama is the president Silicon Valley wanted. What’s the problem?
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Go check how many of those from 1999 and 1996 still exist.
IPO doesn’t mean jack, all it means is the dog and pony show by the execs was good enough to con enough institutioinal investors into buying so they could go out the door, that’s all.
Using numbers from 94-2000 is going to get you a joke of a statistical bubble, most of those companies no longer exist in any form.
Don’t believe me? I’ve got some Webvan stock to sell ya.
Isn’t that the plan? Drive all business from the USA? It worked well in the big cities.
There are a lot of venture capitalists out there who are willing to finance entrepreneurs, but the IPO has been replaced by private equity as a more viable form of financing in this age of Sarbannes-Oxley.
http://bear.cba.ufl.edu/ritter/FoundingDates.htm
That is the guiding philosophy of the "New World Order". I read material about that more than twenty years ago. Everything is on schedule, including the compliance of the American Sheeple.
“Obama is the president Silicon Valley wanted.”
Exactly. The people currently on top want to stay on top. They don’t want a group of young, energetic upstarts filled with new ideas and new products to come along and overthrow them.
Go back prior to 1990, the 90s to 2000 were rediculous with the late 90s being absolutely insane. The 90s decade as a whole was a blip historically.
Right now, money is tight, the contraction has occurred, so less money is out there, that’s not purely Sarbane Oxley, that’s also just market contraction. Start-Ups were the rage in the 90s, after the tech bubble collapse, it was a much harder sell and a lot of that money went over to real estate and commodities creating bubbles in both of those areas....
It will eventually swing back to start ups, but for a while its going to hide in “safer” havens as this mess cleans itself out.
Government kills most everything it touches. And it is doing its very best to increase the killing process re: the current financial mess.
Funny thing, Dick Celeste is now President of Colorado College here in Colorado Springs. If I remember right, he was resistant to Ohio raising their speed limit back in 1987 after the states were permitted to post 65 mph on rural interstates.
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