While Obama and Congress are talking about how to make regulation more business friendly, why don't they focus on day-1 problems like this, instead of IPO problems? I've never heard of a good company unable to IPO just due to paperwork/regulation, but I've heard of many company not be able to get anywhere due to silly regulatory cruft. See the TacoCopter yesterday... FAA would never let it happen. Or your medical data startup. You can fix the problem- if they will let you.