[st3v3r]

"Consider that the people & companies investing in pre-IPO U$1B companies are extreme expert investors"

And regular employees getting paid in options.

"Imposing additional regs on a 'privately held' company simply because they accepted enough money to give them a U$1B valuation punishes them for growth."

No, it doesn't. It shows an acceptance of reality.

[AlexC04]

> And regular employees getting paid in options.

Ahhh... That makes more sense to me.

> No, it doesn't. It shows an acceptance of reality.

Fair point. Consider my mind swayed.

I'm not sure valuation is the right meter stick, but as another point in the thread, total $$ raised might be closer to the right answer.

There is probably something there.