well this is a challenging blog. I will give my 2 ...

2010-01-12T10:58:26.567-05:00

well this is a challenging blog. I will give my 2 cents and all as MHO.
1) need for seed (VC's) has nothing to do with the topic. IF it is a market and IF we can make money they will come anyway
2) mandate or not; is also sub-needed. IF business can use it (means save money, enhance processes) they will use it
3) need for consultants; IF business /regulators will like/need it they (consultants) will do their thing
4) is it successful / a market now?
that depends on the definition. One can see many projects globally, some with low investments and easy adoption. See the well known water board (NL) close loop implementation. Up and running at low costs from scratch to operational in only 6 months. Customers happy, regulator happy.
5) what is holding us back? building complex taxonomies (means accounting rule meta data structures) takes time. Not from XBRL point of view but GAAP view. Ensuring quality of the process takes time.

Small remark; the web existed in 1968 if I am correct, when did we have our first email account?

As software vendor I can say; yes developing sophisticated xbrl technology is quite some work. That is the opportunity of the small companies.

We are not that unhappy with progress and; in many environments mandates also can annoy users and ensure they will obstruct regulators. So my advice; keep up the good work, ensure we have successful projects and let's learn more about them.

Paul Snijders

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well this is a challenging blog. I will give my 2 ...