Dynamist looks at the High Cost of Political Posturing: "The law threatens to block smaller firms from going public, cutting them off from a major source of capital. That effect will filter backward, making venture capital funding more difficult by eliminating one way VCs get their money out."

For the paranoid view that such consequences are intended by the legislators rather than unintended, see here.

UPGRADE (01-26): Some confirming feedback at Dynamist.

posted by James DeLong @ 3:46 PM | Accounting

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