In a speech presented at the Stanford Law School, SEC Commissioner Kara Stein delivered a lecture clearly designed to cater to the audience. Entitled “Supporting Innovation Through the Commission’s Mission to Facilitate Capital Formation” the presentation noted that the SEC’s mission is not defined as supporting innovation but, according to Stein, the Commission does support innovation by facilitating capital formation. Silicon Valley and the surrounding Bay Area is the epicenter of all things tech with creative entrepreneurs developing incredible services and devices to change the world. None of this would be possible without access to capital. The Angels, the VC’s and the risk taking enterpreneurs create a dynamic ecosystem that has engendered some of the most dynamic companies in the world such as Apple, Google and many more.
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