--- title: "Meaning & Key Takeaway of: Startups often want to control the timing…" description: "\"Startups often want to control the timing of their financing announcement and prefer not to reveal amounts raised for competitive reasons. If more of t..." image: "https://sms4smile.com/quotes/i/54e/naval-ravikant-11450_compliance_startups-often-want-to-control-the-timin_833580.jpg" --- # Startups often want to control the timing of their… ![“Startups often want to control the timing of their financing announcement and prefer not to reveal amounts raised for competitive reasons. If more of the Form D information was confidential rather than public, compliance rates would jump dramatically.” quote by Naval Ravikant](https://sms4smile.com/quotes/i/54e/naval-ravikant-11450_compliance_startups-often-want-to-control-the-timin_833580.jpg) [Download](https://sms4smile.com/quotes/i/54e/naval-ravikant-11450_compliance_startups-often-want-to-control-the-timin_833580.jpg) [Open image](https://sms4smile.com/quotes/i/54e/naval-ravikant-11450_compliance_startups-often-want-to-control-the-timin_833580.jpg) > “Startups often want to control the timing of their financing announcement and prefer not to reveal amounts raised for competitive reasons. If more of the Form D information was confidential rather than public, compliance rates would jump dramatically.” [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Confidentiality in financing disclosures could boost compliance, but transparency also builds market trust. **In simple terms:** More privacy might increase filing compliance. Key Takeaway Weigh privacy against market openness. Themes finance compliance transparency startup strategy Mood analytical strategic pragmatic Type advice philosophical inspirational When to use this quote - venture capital negotiations - SEC filings - startup fundraising Key Concepts regulatory policy market dynamics information asymmetry Questions to Reflect On - What level of disclosure balances compliance and trust? - How might investors react to hidden financing details? A Different Perspective Too much secrecy can erode investor confidence. ★ ★ ★ ★ ★ No ratings yet [Compliance](https://sms4smile.com/quotes/about/compliance/) [Compliance Rates](https://sms4smile.com/quotes/about/compliance-rates-580215/) [Control](https://sms4smile.com/quotes/about/control/) [Financing Announcement](https://sms4smile.com/quotes/about/financing-announcement-580212/) [Information](https://sms4smile.com/quotes/about/information/) [Information Confidential](https://sms4smile.com/quotes/about/information-confidential-580213/) [Reveal Amounts](https://sms4smile.com/quotes/about/reveal-amounts-580216/) [Timing](https://sms4smile.com/quotes/about/timing/) [Timing Financing](https://sms4smile.com/quotes/about/timing-financing-580214/) ## Related quotes > [The most influential people strive for genuine buy-in and commitment - they don't rely on compliance techniques that only secure short-term persuasion.](https://sms4smile.com/quotes/mark-goulston/the-most-influential-people-strive-for-genuine-buy-in-and-commitment/) [Mark Goulston](https://sms4smile.com/quotes/author/mark-goulston/) > [“Company leaders should understand regulatory compliance because it is crucial for maintaining legal and ethical business practices. A comprehensive understanding of compliance ensures they…](https://sms4smile.com/quotes/hendrith-vanlon-smith-jr/company-leaders-should-understand-regulatory-compliance-because-it-is/) [Hendrith Vanlon Smith Jr](https://sms4smile.com/quotes/author/hendrith-vanlon-smith-jr/) > [The man who submits to violence is debased by his compliance; but when he submits to that right of authority which he acknowledges in…](https://sms4smile.com/quotes/alexis-de-tocqueville/the-man-who-submits-to-violence-is-debased-by-his-compliance-but-when/) [Alexis de Tocqueville](https://sms4smile.com/quotes/author/alexis-de-tocqueville/) > [As American taxpayers know too well, the tax code is incredibly complex and compliance is all to expensive.](https://sms4smile.com/quotes/jim-ramstad/as-american-taxpayers-know-too-well-the-tax-code-is-incredibly/) [Jim Ramstad](https://sms4smile.com/quotes/author/jim-ramstad/) > [If we speak calmly, in a businesslike fashion, let me draw your attention to the fact that Russia supplies arms to the legitimate government…](https://sms4smile.com/quotes/vladimir-putin/if-we-speak-calmly-in-a-businesslike-fashion-let-me-draw-your/) [Vladimir Putin](https://sms4smile.com/quotes/author/vladimir-putin/) > [We are looking for targets that have a tremendous strategic fit for the company. The colleges must have complementary education programs, have an excellent…](https://sms4smile.com/quotes/john-larson/we-are-looking-for-targets-that-have-a-tremendous-strategic-fit-for/) [John Larson](https://sms4smile.com/quotes/author/john-larson/) > [“We need people who push boundaries rather than retreat inside them.”](https://sms4smile.com/quotes/tim-fargo/we-need-people-who-push-boundaries-rather-than-retreat-inside-them/) [Tim Fargo](https://sms4smile.com/quotes/author/tim-fargo/) > [We rely on our voter registration studies to warn states that they are failing to comply with the requirements of the National Voter Registration…](https://sms4smile.com/quotes/tom-fitton/we-rely-on-our-voter-registration-studies-to-warn-states-that-they/) [Tom Fitton](https://sms4smile.com/quotes/author/tom-fitton/) > [Acting after being asked is compliance. Acting without being asked is kindness.](https://sms4smile.com/quotes/ron-kaufman/acting-after-being-asked-is-compliance-acting-without-being-asked-is/) [Ron Kaufman](https://sms4smile.com/quotes/author/ron-kaufman/) > [ The cost of taxpayer compliance with \[the tax code\] is over $80 billion per year, more than eight times the cost of the IRS budget ](https://sms4smile.com/quotes/charles-o-rossotti/the-cost-of-taxpayer-compliance-with-the-tax-code-is-over-80-billion/) [Charles O. Rossotti](https://sms4smile.com/quotes/author/charles-o-rossotti/) > [Melania Trump posted on Twitter -I have at all times been in full compliance with the immigration laws of this country. It's the same…](https://sms4smile.com/quotes/melania-trump/melania-trump-posted-on-twitter-i-have-at-all-times-been-in-full/) [Melania Trump](https://sms4smile.com/quotes/author/melania-trump/) > [An uprising would punish only the country, and that is out of the question. But there is yet another approach, the most effectiveform of…](https://sms4smile.com/quotes/franz-grillparzer/an-uprising-would-punish-only-the-country-and-that-is-out-of-the/) [Franz Grillparzer](https://sms4smile.com/quotes/author/franz-grillparzer/) > [The public, investors and stakeholders now expect higher standards of tax compliance and more transparency from large businesses about the way they approach taxation.](https://sms4smile.com/quotes/david-gauke/the-public-investors-and-stakeholders-now-expect-higher-standards-of/) [David Gauke](https://sms4smile.com/quotes/author/david-gauke/) > [It is important that New York City is in compliance with international criminal law.](https://sms4smile.com/quotes/zohran-mamdani/it-is-important-that-new-york-city-is-in-compliance-with/) [Zohran Mamdani](https://sms4smile.com/quotes/author/zohran-mamdani/) > [Ensure compliance and be responsive to the feedback.](https://sms4smile.com/quotes/anne-mclellan/ensure-compliance-and-be-responsive-to-the-feedback/) [Anne McLellan](https://sms4smile.com/quotes/author/anne-mclellan/) ## More by Naval Ravikant > [Entrepreneurship is really hard and painful - I'm not sure I'd recommend it for anyone who can't handle the extreme stress.](https://sms4smile.com/quotes/naval-ravikant/entrepreneurship-is-really-hard-and-painful-i-m-not-sure-i-d/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [“A fit body, a calm mind, a house full of love. These things cannot be bought — they must be earned.”](https://sms4smile.com/quotes/naval-ravikant/a-fit-body-a-calm-mind-a-house-full-of-love-these-things-cannot-be/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [“Competing without software is like competing without electricity.”](https://sms4smile.com/quotes/naval-ravikant/competing-without-software-is-like-competing-without-electricity/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [Nation states that are used to imposing capital controls will face a quandary: ban cryptocurrencies and live in the technology dustbin; enable them, and…](https://sms4smile.com/quotes/naval-ravikant/nation-states-that-are-used-to-imposing-capital-controls-will-face-a/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [Cryptocurrencies are an emergent property of the Internet - almost a fifth protocol in the Internet suite. If Satoshi Nakomoto did not exist, it…](https://sms4smile.com/quotes/naval-ravikant/cryptocurrencies-are-an-emergent-property-of-the-internet-almost-a/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [Our model is very, very different to LinkedIn. We only deal with very small companies. We don't have any support for recruiters. In fact,…](https://sms4smile.com/quotes/naval-ravikant/our-model-is-very-very-different-to-linkedin-we-only-deal-with-very/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [I don't like having managers.](https://sms4smile.com/quotes/naval-ravikant/i-don-t-like-having-managers/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [I think almost everything about humans and human civilization is explained better by evolution than anything else.](https://sms4smile.com/quotes/naval-ravikant/i-think-almost-everything-about-humans-and-human-civilization-is/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [One philosophy I have at AngelList is I would rather have someone working on the wrong thing and do it their way and be…](https://sms4smile.com/quotes/naval-ravikant/one-philosophy-i-have-at-angellist-is-i-would-rather-have-someone/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [“I don't actually read a lot of books. I pick up a lot of books and only get through a few, which form the…](https://sms4smile.com/quotes/naval-ravikant/i-don-t-actually-read-a-lot-of-books-i-pick-up-a-lot-of-books-and/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [Getting in the middle of financial transactions is a regulatory minefield.](https://sms4smile.com/quotes/naval-ravikant/getting-in-the-middle-of-financial-transactions-is-a-regulatory/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [In an ideal world, you raise a lot of money and then there is a downturn, before you start investing so you get better…](https://sms4smile.com/quotes/naval-ravikant/in-an-ideal-world-you-raise-a-lot-of-money-and-then-there-is-a/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [If you go to a venture firm, what you're doing is you're buying money from them in exchange for equity. They have a commodity…](https://sms4smile.com/quotes/naval-ravikant/if-you-go-to-a-venture-firm-what-you-re-doing-is-you-re-buying-money/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [We are seeing a lot of cases where the startups are writing the term sheet, dictating the terms, selling common stock instead of preferred…](https://sms4smile.com/quotes/naval-ravikant/we-are-seeing-a-lot-of-cases-where-the-startups-are-writing-the-term/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [Take a very small amount of money, your throwaway money, treat it as if it's already gone, you've mentally set it on fire, and…](https://sms4smile.com/quotes/naval-ravikant/take-a-very-small-amount-of-money-your-throwaway-money-treat-it-as-if/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) [Explore all 60 Naval Ravikant quotes ](https://sms4smile.com/quotes/author/naval-ravikant/) ## More Compliance quotes > [The most influential people strive for genuine buy-in and commitment - they don't rely on compliance techniques that only secure short-term persuasion.](https://sms4smile.com/quotes/mark-goulston/the-most-influential-people-strive-for-genuine-buy-in-and-commitment/) [Mark Goulston](https://sms4smile.com/quotes/author/mark-goulston/) > [It is important that New York City is in compliance with international criminal law.](https://sms4smile.com/quotes/zohran-mamdani/it-is-important-that-new-york-city-is-in-compliance-with/) [Zohran Mamdani](https://sms4smile.com/quotes/author/zohran-mamdani/) > [The public, investors and stakeholders now expect higher standards of tax compliance and more transparency from large businesses about the way they approach taxation.](https://sms4smile.com/quotes/david-gauke/the-public-investors-and-stakeholders-now-expect-higher-standards-of/) [David Gauke](https://sms4smile.com/quotes/author/david-gauke/) > [An uprising would punish only the country, and that is out of the question. But there is yet another approach, the most effectiveform of…](https://sms4smile.com/quotes/franz-grillparzer/an-uprising-would-punish-only-the-country-and-that-is-out-of-the/) [Franz Grillparzer](https://sms4smile.com/quotes/author/franz-grillparzer/) > [Melania Trump posted on Twitter -I have at all times been in full compliance with the immigration laws of this country. It's the same…](https://sms4smile.com/quotes/melania-trump/melania-trump-posted-on-twitter-i-have-at-all-times-been-in-full/) [Melania Trump](https://sms4smile.com/quotes/author/melania-trump/) > [ The cost of taxpayer compliance with \[the tax code\] is over $80 billion per year, more than eight times the cost of the IRS budget ](https://sms4smile.com/quotes/charles-o-rossotti/the-cost-of-taxpayer-compliance-with-the-tax-code-is-over-80-billion/) [Charles O. Rossotti](https://sms4smile.com/quotes/author/charles-o-rossotti/) > [Acting after being asked is compliance. Acting without being asked is kindness.](https://sms4smile.com/quotes/ron-kaufman/acting-after-being-asked-is-compliance-acting-without-being-asked-is/) [Ron Kaufman](https://sms4smile.com/quotes/author/ron-kaufman/) > [We rely on our voter registration studies to warn states that they are failing to comply with the requirements of the National Voter Registration…](https://sms4smile.com/quotes/tom-fitton/we-rely-on-our-voter-registration-studies-to-warn-states-that-they/) [Tom Fitton](https://sms4smile.com/quotes/author/tom-fitton/) > [“We need people who push boundaries rather than retreat inside them.”](https://sms4smile.com/quotes/tim-fargo/we-need-people-who-push-boundaries-rather-than-retreat-inside-them/) [Tim Fargo](https://sms4smile.com/quotes/author/tim-fargo/) > [We are looking for targets that have a tremendous strategic fit for the company. The colleges must have complementary education programs, have an excellent…](https://sms4smile.com/quotes/john-larson/we-are-looking-for-targets-that-have-a-tremendous-strategic-fit-for/) [John Larson](https://sms4smile.com/quotes/author/john-larson/) > [If we speak calmly, in a businesslike fashion, let me draw your attention to the fact that Russia supplies arms to the legitimate government…](https://sms4smile.com/quotes/vladimir-putin/if-we-speak-calmly-in-a-businesslike-fashion-let-me-draw-your/) [Vladimir Putin](https://sms4smile.com/quotes/author/vladimir-putin/) > [As American taxpayers know too well, the tax code is incredibly complex and compliance is all to expensive.](https://sms4smile.com/quotes/jim-ramstad/as-american-taxpayers-know-too-well-the-tax-code-is-incredibly/) [Jim Ramstad](https://sms4smile.com/quotes/author/jim-ramstad/) > [The man who submits to violence is debased by his compliance; but when he submits to that right of authority which he acknowledges in…](https://sms4smile.com/quotes/alexis-de-tocqueville/the-man-who-submits-to-violence-is-debased-by-his-compliance-but-when/) [Alexis de Tocqueville](https://sms4smile.com/quotes/author/alexis-de-tocqueville/) > [“Company leaders should understand regulatory compliance because it is crucial for maintaining legal and ethical business practices. A comprehensive understanding of compliance ensures they…](https://sms4smile.com/quotes/hendrith-vanlon-smith-jr/company-leaders-should-understand-regulatory-compliance-because-it-is/) [Hendrith Vanlon Smith Jr](https://sms4smile.com/quotes/author/hendrith-vanlon-smith-jr/) > [Ensure compliance and be responsive to the feedback.](https://sms4smile.com/quotes/anne-mclellan/ensure-compliance-and-be-responsive-to-the-feedback/) [Anne McLellan](https://sms4smile.com/quotes/author/anne-mclellan/) [Browse all 176 Compliance quotes ](https://sms4smile.com/quotes/about/compliance/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Startups often want to control the timing of their financing announcement and prefer not to reveal amounts raised for competitive reasons. 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