Today the Securities and Exchange Commission proposed a marriage of their oversight and a squirming, virginal reluctant bride — the Venture Capital industry.

Clearly, this is a shotgun marriage and there will be no honeymoon. The VC industry will protest it is rape, but you decide.

“Shots fired!”

As Ronald Reagan said, “The top nine most terrifying words in the English Language are: I’m from the government, and I’m here to help.”

Where I say the words “VC” or “venture capital” you may also read in private equity and any other adviser directed fund. Continue reading →