Sarbanes Oxley Obstructing Innovation
Technology start-ups drive innovation. According to the book, The Decline and Fall of the American Entrepreneur, a start-up needs almost a billion dollars in sales to justify going public because of Sarbanes Oxley.
Online, January 3, 2010 (Newswire.com) - Technology start-ups drive innovation. According to the book, The Decline and Fall of the American Entrepreneur, a start-up needs almost a billion dollars in sales to justify going public because of the cost of complying with rules such as Sarbanes Oxley, depriving our technology sector vital financial capital.
Decline and Fall clearly shows:
Sarbox fails to achieve its goals;
Thriving IPOs are critical to providing capital for technology companies, even if most of those companies never go public;
The SEC estimates the cost of Sarbox compliance at $91,000/yr per company, the actual cost is closer to $4.0M/yr!!!
Is the medicine worse than the disease!!
Percentage of World IPOs:
1996 - 60% in U.S.
2005 - 20% in U.S.
Decline and Fall shows how we can turn this around-
Make the US the world leader again in Innovation. Jobs. Capital.
Your copy of The Decline and Fall of the American Entrepreneur: How Little Known Laws and Regulations are Killing Innovation, by Dale B. Halling, is at Amazon.com.
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Tags: entrepreneur, Sarbanes Oxley, SOX
