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Agreed. Capital costs and legislations are definitely two areas that impede the ability to pursue more ambitious, industry shaking ideas.
by acangiano 15y ago
Agreed. Capital costs and legislations are definitely two areas that impede the ability to pursue more ambitious, industry shaking ideas.
- PaulHoule 15y agoSome of the regulation makes sense. Back in the 1950's there was a (small) breeder reactor being operated by a private company in LA that melted down without the authorities getting involved. We don't want that to happen again. Similarly, there are good reasons to have regulation involved in the health care sector. On the other hand, doing business in third world countries often depends on paying people bribes. This is bad enough if you're operating in one country, but if you want to reach a global audience forget about it. (Years ago I worked for a voice chat startup targeted at Brazil that was incorporated in the Cayman Islands and largely based in the U.S. because the phone company could have put us out of business.)