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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 In less than a year, the legislation was revoked.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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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There are a lot of venture capitalists out there who are willing to finance entrepreneurs, but the IPO has been replaced by private equity as a more viable form of financing in this age of Sarbannes-Oxley.
The value of a dollar will vary with the date it was printed. Say a 1971 bill is worth 99% of a 1970 Bill a 2000 bill is worth 30% of the 70 etc... The exact scale will have to be worked out. The thing I am driving at here is to limit the ability of the printing presses to drive down the value of saved money.
silly-con valley and by extension the entire Nasdaq exchange is just one giant ponzi scheme. Raise capital for an IPO, earlier joiners get millions of stupid money chasing after non-existent business. Bankruptcy follows as negative revenue coupled with outrageous overhead costs (5000 dollar massage chairs + blackberries for everyone!) leaving the multitude poorer but a few richer. Rinse and Repeat.
With outsourcing, offshoring and illegal immigration it's more like assisted suicide.
Hey, Bay Area: actions have consequences!