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A comment on Washington Is Killing Silicon Valley. Parent comment

Re:Washington Is Killing Silicon Valley by Retric on Monday December 22, 2008 @11:25AM (#406498)
IPO's are for large profitable companies who want to add liquidity. There is a huge pool of companies and people that invest billions in companies without an IPO, but there is a lot of laws setup to protect small investors. Anyway, there is a lot of overhead to going public, but if you want liquidity without selling then you need transparency or some company's are going to do huge scams.

PS: There are IM clients that large companies can use so clearly some of what he said was BS.

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Re:Washington Is Killing Silicon Valley by fallentimes on Monday December 22, 2008 @01:45PM (#406679)
Well it used to be for raising large amounts of capital (even for unprofitable companies). This is apparently no longer the case.
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Re:Washington Is Killing Silicon Valley by coryrc on Monday December 22, 2008 @07:30PM (#407059)
"but there is a lot of laws setup to protect small investors"

Or to prevent them from investing in private companies without giving a piece to NY bankers? (Not implying you necessarily disagree)

Cray started illegally with small investors who all ended up making a lot of money. In the Midwest too! Good thing Washington isn't allowing that to happen again.

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