The Disappearing Line Between Public and Private Companies

Recently, I was interviewed by a Bay Area radio station concerning trading in shares of privately held companies.   This inspired me to write a piece for the Los Angeles Daily Journal on the same subject.  You can read that article here.  The securities rules haven't changed but the Internet has significantly lowered transaction costs for buyers and sellers of shares in private companies.   This is leading to a blurring of the formerly sharp lines of demarcation between publicly traded companies and private companies.