Our first Health TechNet meeting of the new year on January 19 focused on the increasing costs of industry regulation, with particular attention to Sarbanes Oxley, IRS policies, and other forms of "compliance." We also discussed the stock option backdating problem, and accompanying accounting costs. Many non-profits and for profit startups are experiencing difficulty and frustration with these increasing burdens, which often have unpredictable effects on their ability to succeed at their core missions. In this meeting, David Main and other attorneys from Pillsbury Winthrop Shaw Pittman, joined by representatives of several entrepreneurial and not-for-profit companies, conducted a panel discussion on the problem and strategies for dealing with it.