Thursday, February 03, 2005
Sarbanes-Oaxley and Entrepreneurship
Over at Emergent Chaos Adam Shostack has thoughts on how the Sarbanes-Oaxley legislation affects venture capital. While this law might have been created with the likes of Enron and Worldcom in mind, it creates problems for start-up companies with the ambition to go public -- and when you are small, problems like this are bigger.
I was going to say Adam's thinking makes sense to me -- but what do I know about such things?
My wife, though, is doing Sarbox audit work these day (yes, my family benefits from the "full employment for auditors" largess of this legislation) and she says it makes sense, and she knows what she's talking about, so you can take it from there...