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We have a new model forming in regulation and special interests. With traditional companies, we have paid lobbyists representing industries and sectors when spe
by orky56 13y ago
We have a new model forming in regulation and special interests. With traditional companies, we have paid lobbyists representing industries and sectors when speaking with lawmakers directly.
With startups, the model is a bit backward. VCs are the ones providing the funds to artificially fund a broken business model that creates market share before profitability. This acquired market share is the argument these startups are using to fight regulators. "Look we have public support."
Whether or not regulations are outdated or backward, they are still the law. Operating outside the law to garner support is not a legal or ethical way to change laws. It's just as bad or even worse than money getting closer to the lawmakers. Entrenched interests are a reality and something that should be fought on a level playing field.