4 ms·
The overhead cost of compliance with something like GDPR would probably kill most small startups that had a data-backed business model.
by AFNobody 9y ago
The overhead cost of compliance with something like GDPR would probably kill most small startups that had a data-backed business model.
- KozmoNau7 9y agoThere isn't really that much overhead, especially if you keep the GDPR in mind from the beginning. The big costs happen at older and larger companies that had very lax procedures before. I bet it will not inhibit startups in the EU.
- zaarn 9y agoTo some part I think the GDPR is intended to make it easier for startups in Europe to compete with US services on the EU market. In recent times, being a privacy-aware service is a selling point and the EU services can easily advertise as being privacy-first to US citizens while US companies will have trouble doing so (considering SESTA/FOSTA and CLOUD act)
- piaste 9y agoDo we want startups to have a "data-backed business model"?
- idrios 9y agoYeah we do. While I don't like Google tracking where I am from my cell phone when location-sharing is off, I love listening to music on Pandora and Spotify and I would never discover the new songs I do if there was no option to like or ban songs and evolve the station.
- annabellish 9y agoI don't see how either of those are "data-backed business models". Pandora/Spotify have a very clear draw for people which exists regardless of how much data they store on people. They absolutely can and do use data to _enhance_ their core offering, but if they stopped overnight it would not cripple their business immediately.
- kazen44 9y agoBoth aslo offer a very clear service, (streaming music) and both only really collect data to improve your music experience. Facebook seems to grab whatever it can, just to make money.