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Most Silicon Valley companies are based around regulatory circumvention in some way. But you're right; in this case you're just trading the SEC's governance for
by exelius 9y ago
Most Silicon Valley companies are based around regulatory circumvention in some way. But you're right; in this case you're just trading the SEC's governance for Ethereum's. I'm not sure that's a good tradeoff.
- aetherson 9y agoMost SV companies are based around regulatory circumvention?
- wmf 9y agoNah, just the unicorns.
- aetherson 9y agoUber -- sure AirBnB -- sure Palantir -- They may be scummy in other ways, but I don't think they're based on avoiding regulations WeWork -- I don't think they're ignoring zoning or whatever SpaceX -- No. But maybe they don't count because LA? Pinterest -- No. Dropbox -- No. Stripe -- No. Hulu -- No. Lyft -- sure Magic Leap -- Nope. Zenefits -- Okay, sure. Cloudera -- Not even a little. Credit Karma -- I don't think so. Docusign -- No. That's how far down the list of wikipedia's unicorn startups I got before I got bored.
- exelius 9y agoI disagree on a couple of these (SpaceX being the biggest) but yeah, I do think a lot of what comes out of Silicon Valley are solutions to the problems of business owners created by regulation. Notice the way that is phrased. The whole backlash across the western middle class against the "liberal elite" is a sense of "all tech has done for me is replace my nice union job with a gig job driving for Uber". There is a real sense that Silicon Valley doesn't have to play by the same rules as the rest of us, and people want that to stop.