April 12, 2012
I fully support the JOBS act. Regulation and SOX compliance have adversely effected the ability of emerging growth companies to go public and raise money. It is proven that companies that go public generate a vastly greater number of new jobs then companies that get acquired. Without the public markets as an exit option for investors, M&A will continue to be the only alternative thus eroding job creation. Underwriters and Investors will ultimately determine the level of financial information they need to make investment decisions. These are not uneducated investors and the worry that average Americans could be adversely affected is extremely remote.
Tim Foster
Director
Venture Capital Practice
KPMG LLP