The JOBS Act passed through Congress quickly, pushed by AOL founder Steve Case and supported early on by President Barack Obama. Although Shapiro, the Council of Institutional Investors and other institutions like CalPERS were protesting, the law passed with minimal changes.
"There were some other fixes in the works that would have addressed many of the issues, but there wasn't sufficient support at the end to make those fixes," Mahoney said.
With all the changes that are taking place, supporters and critics of the JOBS Act both agree that there hasn't been an increase in IPOs or new jobs. That's in part due to delays at the SEC in drafting the rules to tell companies how to proceed with certain parts of the law.
"I think there's a lot of people watching the process now, a lot of people waiting to see the final rules from the SEC," Hambrecht said. "People are waiting and watching."
Largest North Coast Wildfires
2017-Tubbs fire- approximately 36,432 acres in Sonoma and Napa Counties. 92% contained as of Oct. 19.
2017-Nuns Fire- approximately 54 thousand acres- 34,398 in Sonoma County and 20,025 in Napa county. 80% contained as of Oct. 19.
2017-Atlas Fire- approximately 51,624 acres in Napa and Sonoma Counties. 85% contained as of Oct. 19.
2017-Redwood Fire- approximately 36,523 acres in Mendocino County. 85% contained as of Oct. 19.
2017-Pocket Fire-approximately 14,225 acres in Sonoma County. 63% contained as of Oct. 19.
2017-Sulphur Fire-approximately 2,207 acres in Lake County. 96% contained as of Oct. 19.
(TOTAL North Bay fires as of Oct. 18.- 195,434 acres)
2015- Valley Fire burnt 76,067 acres in Lake County. A total of 1,955 structures were destroyed.
2012- North Pass Fire- approximately 41,983 acres in Mendocino County.
2004- Rumsey fire- 39,138 acres in Napa and Yolo counties.
1996- Fork fire, the largest fire on record, burned through approximately 83,057 acres in Lake County. Much of the devastation was focused in the Mendocino National Forest.
1981- Atlas Peak Fire- approximately 23 thousand acres in Napa County.
1981- Cow Mountain Fire- approximately 25,534 acres in Lake and Mendocino counties.
1964- Hanly Fire- approximately 52,700 acres in Sonoma and Napa Counties. 84 homes, 24 summer cabins and countless farm buildings destroyed including the historic Tubbs Mansion.
1964- Nunns Canyon- approximately 7,000 acres in Sonoma County.
-Source: CAL Fire