Title 1 disclosure requirements sound good on paper—making projects more transparent is the goal. Problem is, the framework demands equity-level transparency standards meant for established companies. We're talking audited financials, corporate-grade reporting, the whole package.

That model fits mature enterprises fine. Startups? It's a different story. Early-stage teams don't operate on the same scale or timeline as established firms. The compliance burden becomes disproportionate, potentially choking off innovation before it gets off the ground.