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Maybe that's a chance for European internet startups? Entry barriers for foreign startups give European companies a headstart, while successful, more mature for
by netrus 8y ago
Maybe that's a chance for European internet startups? Entry barriers for foreign startups give European companies a headstart, while successful, more mature foreign companies will comply with EU standards to get access to the market. Sure, Europe loses access to products of early stage startups, but maybe that's a good trade-off? (Disclaimer: I have no hard opinion on this matter, just a thought).
- downandout 8y agoI think that any startup that allows EU traffic to access its services is going to be a tough sell to investors in a GDPR world. Who wants to put, say $1 million, into a startup that could easily be fined that amount or more for inadvertent violations? There's a whole other world of markets out there and only one that imposes this risk on companies. GDPR just introduces too much risk, even for those companies with the best of intentions.