Posts Tagged ‘Alan Patricof’

 

Not Getting It

Monday, August 31st, 2009

Alan Patricof and Eric Dinallo have an op-ed in the New York Times today, essentially begging the Obama administration to back off from regulating venture capital funds. The entire article is written from the perspective that the Obama administration is doing this by mistake, that’s it’s an inadvertent consequence of regulating derivatives.

They really don’t get it.

It’s about regulating EVERY aspect of the marketplace that they can. It’s entire intentional. Including venture capital firms in their attempt to regulate derivatives isn’t some oversight, it’s the point! If the “need” to regulate derivatives has public support, then stick as many other regulations on the bandwagon as possible, widen the scope of the law as much as you can. Don’t let that crisis go to waste.

Silly naive VCs thought that because Obama used fancy logos and website tech that he was on their side. They’ll learn…