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AFAIK GDPR makes a slight difference because it requires opt in for data sharing. But I'd argue it is very hard, if not possible, to know if a company has shar
by pedro_hab 7y ago
AFAIK GDPR makes a slight difference because it requires opt in for data sharing.
But I'd argue it is very hard, if not possible, to know if a company has shared your data.
The damage of regulations like this may be greater than the benefit.
We will see how the weak European innovation will take these changes.
I say weak innovation bc VC money is not flowing there as it does in US.
- Barrin92 7y agothe lack of VC culture doesn't indicate a lack of innovation, because the VC industry is just one form of financing businesses, very regionally limited to countries that have huge homogenous consumer markets and operate on scale. Innovation in countries like Germany is traditionally distributed. And the idea that GDPR is damaging to innovation is really just a fiction at best and deregulation agitprop at worst. Europe has not competed with tech giants before GDPR, and more importantly, even other US companies cannot compete with Facebook or Google. You can measure the lack of competition in feet as you walk away from the Google and Facebook HQs. VC money in the US is geographically concentrated in an area that doesn't even cover 1% of the map, the law has nothing to do with it.
- pedro_hab 7y agoI find it very hard to decouple VC from innovation, if its the case that this 1% area has most the VC is true, isn't most of the world's innovation coming from it too? Europe hasn't been creating as much as the US before GDPR, I would think it gets worse after it. I am pretty sure some other reason for the decline will pop up, if not the alright denial you displayed.