Earlier quoted context omitted.
So nice to see progress in privacy but please someone explains how GDPR will help EU startups! GDPR is inevitably going to hinder any new company forced to abide by it. So the next Uber/Wechat will first flourish in US/China/Russia and then come to the EU, not the other way around. Entrepreneurs / investors also want their time & money to be used to build value first rather than solve yet another accidental complexit…
Let's say you're a business in the EU that needs a sales management system. In it, you store personal data of your clients. You are considered a "controller"; the SaaS sales management system (that will store this data for you) is considered a "processor." GDPR states that to remain compliant, Controllers must only use GDPR-compliant Processors.[1] Assuming that EU startups will take GDPR more seriously than non-EU c…
It’s also easier in terms of jurisdiction. A non-EU company might just pretend they’re compliant but your legal options in case they’re not are somewhat limited.