7 ms·

I'm young and healthy so that wasn't an issue for me. I have looked at everything from starting shooting ranges to specialty chemical companies. Most regulation

I'm young and healthy so that wasn't an issue for me. I have looked at everything from starting shooting ranges to specialty chemical companies. Most regulations are local. Just look at your local zoning and building codes. It's probably 500+ pages. The other main ones are dealing with taxes. "Straightforward" ventures like algotrading suddenly become not worth it when you realize you will spend more time writing code to ensure that all of your transactions are meticulously recorded than you will actually analyzing data and writing trading algorithms. Not to mention you probably need a team of accountants for the million+ trades that can happen in a year. Without a specific industry I can't really explain the regulations as each has their own. I'll try to come back later and explain more but I'm pretty busy today

noonespecial 9y ago
Not to nitpick or anything but guns and chemicals might not be the very best choices of industry for those looking to first dip their feet into the startup pool...
evgen 9y ago
Regulations regarding shooting ranges, chemical companies, and algotrading seem burdensome to you... Somehow I think you are exactly the person that we create laws to protect ourselves against.
- ygfvvhygvn 9y ago
  I'm not sure about the implications you're making about me but it seems a little unfair to judge me based on a few sentences. I was merely trying to show the breadth of industries I have experienced. I can assure you that the vast majority of my business ventures would be approved by even the most effeminate nu-male liberal
  - evgen 9y ago
    You pick three industries that have a high potential for negative externalities as your examples, bitch about regulation, and then assume a political motivation for my objection. I think that "a few sentences" was more than sufficient for us to judge you.
    - ygfvvhygvn 9y ago
      Again it was an example to show breadth. I think you should take another go at English classes and maybe something else for your rudeness and negativity
frgtpsswrdlame 9y ago
Algotrading has those regulations for good reason though... The last thing we need is a thousand silicon valley cowboys running around causing flash crashes all the time.
tabtab 9y ago
As far as algotrading regulations, they were put in place because bad apples took advantage of loose rules. If you can describe a way to prevent the bad apples from gumming things up WITHOUT regulations, you deserve a genius prize.

noonespecial 9y ago

Not to nitpick or anything but guns and chemicals might not be the very best choices of industry for those looking to first dip their feet into the startup pool...

evgen 9y ago

Regulations regarding shooting ranges, chemical companies, and algotrading seem burdensome to you... Somehow I think you are exactly the person that we create laws to protect ourselves against.

ygfvvhygvn 9y ago
I'm not sure about the implications you're making about me but it seems a little unfair to judge me based on a few sentences. I was merely trying to show the breadth of industries I have experienced. I can assure you that the vast majority of my business ventures would be approved by even the most effeminate nu-male liberal
- evgen 9y ago
  You pick three industries that have a high potential for negative externalities as your examples, bitch about regulation, and then assume a political motivation for my objection. I think that "a few sentences" was more than sufficient for us to judge you.
  - ygfvvhygvn 9y ago
    Again it was an example to show breadth. I think you should take another go at English classes and maybe something else for your rudeness and negativity

frgtpsswrdlame 9y ago

Algotrading has those regulations for good reason though... The last thing we need is a thousand silicon valley cowboys running around causing flash crashes all the time.

tabtab 9y ago

As far as algotrading regulations, they were put in place because bad apples took advantage of loose rules. If you can describe a way to prevent the bad apples from gumming things up WITHOUT regulations, you deserve a genius prize.