Sarbanes-Oxley (and the enormous growth of private venture capital) mean companies don't need to go public anymore, and prefer not to given the compliance cost.
Which of course means the small private investor has zero chance to grow assets like the already wealthy routinely do.
I scan 20 years of tech life, and can't think of a single instance of regulation actually improving anything for the everyman user/investor.
Scoop: Databricks in early talks to raise capital at a valuation between $165B to $175B. This would be their Series M! 😆 https://www.theinformation.com/articles/databricks-talks-raise-165-billion-valuation?utm_source=ti_app w/ @coryweinberg
















