Reopening the IPO Window

An EVITA (Entrepreneurial, Venture-backed, Information–dependent, Technology-flavored Activity)-driven economy is not, at first glance, a hostage to malfunctions in federal securities laws that govern the issuance of stock in startup companies trying to commercialize science and technology innovation. After all, startups are privately held until they go public or are purchased by listed companies. Young tech companies have plenty of freedom to prosper or fail before they ever ask a public investor to buy their stock.