[nixonpjoshua1]

I think to allow small business and startups to flourish. It is important to not subject all companies to the reporting requirements of public companies, smaller organizations just don't have the spare resources and it really would hurt them being nimble and getting established.

This of course means that any investor into such a company needs to have a more intimate relationship and understanding of the company despite the lack of detailed reporting, which is at least one reason to have accredited investor rules.