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This is going to make it impossible to start a startup. We need to organize a movement against this.
by alexS 8y ago
This is going to make it impossible to start a startup. We need to organize a movement against this.
- TazeTSchnitzel 8y agoOf course, Europe has had no startups at all since the Data Protection Directive (95/46/EC) was passed in 1995. /s
- alexS 8y agoExactly.
- tareqak 8y agoThere are plenty of startups in Europe.
- manigandham 8y agoEurope does not have anything comparable to Silicon Valley, and heavy regulations are often cited as making it hard to do business there.
- elliekelly 8y agoYet they still seem to find a way. That tells me the regulations aren't as onerous as some businesses would have you believe.
- manigandham 8y agoWho is "they"? Sure there are some companies, but clearly nothing like SV.
- twtw 8y agoI'd be A-ok if it had been impossible for Google, Facebook, etc to build advertising empires.
- pxlpshr 8y agoThat's preposterous. Healthcare startups are doing just fine managing HIPAA, which includes up to $1M fine and prison time for violating patient privacy.
- PunchTornado 8y agono it doesn't. a large portion of the bill refers only to 1B+ companies. also if you start a company, take care of user data, or if you can't just don't gather it in the first place.
- c1sc0 8y agoNo. This will stop you from building the kind of startup that is built on a bad ethical foundation. Don’t collect data you can’t protect. It’s that simple!
- mcbutterbunz 8y agoI’m reading the text of the bill and, so far, it appears it targets only large corporations with 50mil annual revenue and 100,000+ consumer data. I don’t think start ups will be affected.
- bdcravens 8y agoNo, it means you shouldn't create a startup if you're not qualified to handle the data correctly. Way too many bootcamps grads running around saving unencrypted PIA in databases and with root AWS keys because of the "move fast and break things" mentality. (obviously most startups wouldn't be affected by this law, but the principles still apply)
- thrmsforbfast 8y agoStartups aren't even covered by this bill until they've gained lots of traction (1 million users and 50MM+ gross receipts). At which point, again again IFF their business is data hoarding, they will need to hire approx. one additional employee. I'm sure startups/consultants will step in to provide regulator compliance as a service as well, so maybe not even that.