It's time to repeal Sarbanes-Oxley
While I'm not advocating a return to the crazed investment fever of 1999, I wouldn't mind seeing something other than mergers and acquisitions. While M&As were popular back then too they now seem to be the only thing happening in tech.
I blame Sarbanes-Oxley and so does everyone else in the valley.
...
But this much I do know. The tech scene in particular is suffering in this booming market because companies must stay private. That means their leverage and influence is minimized.
The only real alternative is to be bought by a big blob company. Either way the public, the economy and the innovating firm all suffer.
This stupid law has to go. Completely.