[jmcatani]

I really like your point on the Unicorns "having their cake and eating it too" in regards to public funding.

I am very worried that the technology industry is creating this new capital market that reserves access for the super rich and is completely free from goverment oversight. Are there any points in history that had similar market structure? And if so, how did those markets respond to successes and failures?

[sportanova]

It's turned that way because of onerous regulations (Sarbanes-Oxley). We made it way too painful to go public, and now we can't benefit from most of the tech growth

[sawthat]

https://en.wikipedia.org/wiki/Dot-com_bubble

[JDDunn9]

The average cost of compliance with Sarbanes-Oxley was 0.043% of revenue by a 2006 survey.