The GDPR is going to be a big blow for the European tech startup scene. For companies in the US, they can just enter Europe once they've addressed its requireme

The GDPR is going to be a big blow for the European tech startup scene. For companies in the US, they can just enter Europe once they've addressed its requirements. European companies on the other hand need to implement it from day one. The fine is interesting because it is easy to minimize by creating a subsidiary per country. That very effectively shields annual worldwide turnover.