Sigh. Having to publicly share information with the SEC is different from "going... | Hacker News

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		zackattack on Sept 15, 2009 \| parent \| context \| favorite \| on: What is the point of building a business? Sigh. Having to publicly share information with the SEC is different from "going public", which implies an IPO/listing on a major stock exchange.

gaius on Sept 15, 2009 [–]

There's no upside to jumping through the SEC's hoops if you're not public. It is literally paperwork just for the sake of it.

zackattack on Sept 15, 2009 | [–]

Um, no, it's paperwork for the sake of SEC compliance

gaius on Sept 15, 2009 | | [–]

SEC compliance has value for a public company; it reassures investors. It has no value for a private company.

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