3 ms·

Would it be a crazy move for an early-stage startup to block access from the EU till product-market fit is established and one can focus on expansion and more c

Would it be a crazy move for an early-stage startup to block access from the EU till product-market fit is established and one can focus on expansion and more compliance?

jitbit 3y ago
I personally don't think you should. The EU authorities have stated multiple times that they won't chase small startups and mom&pop shops with this. They explicitly target big-tech with this law (can't remember where I got this from, currently looking for a proof-link in another tab... will update the comment if I find one) Currently the fines do seem to correlate with the company size. E.g. Amazon Ireland has paid 750 million, Google - 90 million... While this one-man webmasters form Germany and Austria - $50 bucks and $100 bucks
- orwin 3y ago
  Not totally true. If you're working with public institutes (universities in my case), they will ask you to comply to the major points (and help you comply, they effectively gave us two man-day of an architect, which, for a company with 3 dev, is huge).
  - Dylan16807 3y ago
    Which part of that post are you calling "not totally true"? I don't see any conflict between what they said and what you're saying.
    - orwin 3y ago
      That startup doesn't have to care. If you're b2b and have a public entity as a client, you should care.
      - Dylan16807 3y ago
        They didn't say not to care, they said not to preemptively block the EU.
consoomer 3y ago
Unless you have nexus in the EU, there's nothing they could do anyway. Even if they wanted to fine you.
- Arnt 3y ago
  It's a startup, it'll want to write a term sheet at some point. Term sheets have to mention this kind of thing.