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NetCompliance



NetCompliance Files for Chapter 7 Liquidation...read the caption for a
brief blurb in Monday's biz section of the Washington Post(June 10,
2002).  Yaawwwwnnn.........and so another dot.com crashes and burns.
But wait: according to the article, this was a dot.com that, "made sense
and did not need much explaining."   And what was the business model of
this ill-fated start-up?  Read on:  "Move complicated, paper-heavy
government regulatory compliance to a Web-based platform.  Sell the
service to small businesses by staffing experts in various regulatory
disciplines, especially environmental regulation, and provide a service
that would eliminate the bewildering paperwork."


      The article then goes on to quote NetCompliance's general counsel:
"The sad part about NetCompliance and what made it different from a lot
of similar companies is that it was such a brilliant idea."  There's
lots that could be said about this, of course.  But the first thing that
came to my mind was that in our market economy, a flash of brilliance
and a coupla bucks will get you a Mucha Java Fizzy at Starbucks.





Edward M. Weiler, Economist
USEPA  (Mail Stop 7409)
1200 Penna.  Ave. NW
Washington, D.C. 20460
Phone: 202-564-8836
Fax: 202-564-8901



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