On: The decline of the $10 million IPO, and why it matters

[vaksel]

very good article...but I think it's underestimating the culture shift of companies not even considering IPOs in that range

[allwein → vaksel]

I'm not sure it's possible to disambiguate his point and the culture shift. i.e. perhaps the culture has shifted because of the issues he's described.

[jf271 → vaksel]

How does it make sense to do a $10 million IPO when they are going to spend 20 percent of the proceeds to implement SOX?

There needs to be some change in the security laws to allow small companies to opt out of Sarbanes-Oxley.