Yeah, I'm surprised there hasn't been more discussion of that here, though obviously the slow nature of the rulemaking process causes people's interest to wane. Considering the fact that large acquisitions will continue in the future (even if we are in a bubble or unusually inflated period right now), and that even a micro-investment at the right time can lead to huge multiples, it'll be very interesting to see how this changes the landscape. Not being a game or graphics developer I was very interested in Oculus but decided to wait for the consumer version of the technology. However, if I could have bought a tiny equity position for $100 I would probably have done so, since I'm pretty confident on my judgment about which technology is 'hot or not,' and I would likely be celebrating a nice little uptick in my net worth right now.
They can iterate. But also, they were working within some tight legislative constraints (eg $1m cap IIRC) and when you look at the public comments a lot of them 'how will you guard against grifters' and the like. I was pretty depressed by how vapid most of the comments were, incidentally...I feel bad for whoever was required to sit down and read and classify them all.
