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A comment on Silicon Valley’s ‘unicorns’ have regulators worried.

Re:Silicon Valley’s ‘unicorns’ have regulators worried by koolba on Saturday April 02, 2016 @05:02PM (#11413430)
Haha. This reminds me of the Simpsons where Homer takes Mr. Burns's boat out to international waters (to circumvent local drinking laws) and the coast guard tells them to come back so they can be under their jurisdiction.

    Bart: [through a bullhorn] Hey, Coast Guard!  Try to stop us now, you lousy Americans.
    Coast Guard: [through a loudspeaker] We can't hear you!  Come three hundred feet closer!
    Bart: Nice try.  You're not going to nail us.
    Coast Guard: But we just want to party.
    Bart: Oh, really?  Then play some rock music.
    [Man on cutter mimics the guitar riff from "China Grove"]
    Homer: [joins in] Come on, Bart!  The Coast Guard's covering the Doobs!
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Re:Silicon Valley’s ‘unicorns’ have regulators worried by makomk on Saturday April 02, 2016 @05:41PM (#11413612)
Isn't that the episode where they get hijacked by pirates and the coastguard sit back and laugh at them? An interesting analogy, certainly.
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Re:Silicon Valley’s ‘unicorns’ have regulators worried by ebbv on Saturday April 02, 2016 @06:14PM (#11413770)
Except that even if you're private you're still under the federal government's jurisdiction.

This is more a case of "We are worried about shenanigans going on behind the scenes. We'd like you to go public so your valuation is market determined and hopefully not a result of said shenanigans."

Whether you think that's good advice probably depends on how good you think Wall St is at valuations compared to private investors. I don't have a lot of faith that either is particularly clear eyed, but I'd probably trust the public valuation more than a private one.

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Re:Silicon Valley’s ‘unicorns’ have regulators worried by TheSpiceIsLife on Saturday April 02, 2016 @06:22PM (#11413805)
https://news.ycombinator.com/formatdoc

> Text after a blank line that is indented by two or more spaces is reproduced verbatim. (This is intended for code.)

Doing this for blocks of text makes it annoying to read, especially on mobile. Just use quotes or a greater than sign.

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Re:Silicon Valley’s ‘unicorns’ have regulators worried by non-prophet on Saturday April 02, 2016 @09:20PM (#11414454)
It goes both ways. The episode ends with Burn's boat "... boarded by Chinese pirates who take the ship, rob the crew put them in a net and toss them overboard."

Private market maritime security isn't infallible:

http://www.dailymail.co.uk/news/article-2616003/Mixture-hero...

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