It's fun when people complain about having to handle personal data properly and not to collect more than they need.
Bad luck, be responsible.
Short-Run Effects of GDPR on Technology Venture Investment
11–20 of 70 posts
Re: Short-Run Effects of GDPR on Technology Venture Investment
#12I notice Brexit is mentioned only once in the paper, in a footnote mentioning that Great Britain is considered part of the EU for the purpose of their research. Another article currently on the HN frontpage discusses the effects of Brexit on companies [1], blaming Brexit for reduced investment and companies leaving the UK. While I am absolutely open to the possibility that the GDPR has negative effects on technology…
> At the very least it would have been nice if, in addition to graphs for the entire EU, there were graphs for the UK alone, and also for the EU without the UK. That would seem to require that the Crunchbase dataset referenced in the paper (but not discussed in terms of its content or format) was broken down in terms of specific businesses and their host country. The actual effects of the UK's exit are not yet known…
From all the material I've seen, the UK is keeping GDPR post-Brexit
Re: Short-Run Effects of GDPR on Technology Venture Investment
#13Not everything is about the economy.
Considering "the economy" determines whether or not we can eat, have somewhere to live, get access to healthcare etc. (rightly or wrongly), I'd say it's pretty central to everything that we do as a species.
Facebook isn't contributing one iota to any of these things, and neither are most tech/internet companies.
Whether or not we can eat is determined by farmers, truck drivers, distribution centre workers, store clerks, etc.
Whether or not we have somewhere to live is determined by construction workers, electricians, plumbers, engineers, etc.
Access to health care is determined by doctors, nurses, pharmacists, etc.
All these things existed well before the internet. In other words, we'll be fine.
Not all parts of the economy are equal. Losing 25% of farmers or doctors would be catastrophe. Losing 25% of electricians would be a problem. Losing 25% of software developers would be a bit annoying. Losing 25% of marketers would be a reason for a party.
Re: Short-Run Effects of GDPR on Technology Venture Investment
#14It's fun when people complain about having to handle personal data properly and not to collect more than they need. Bad luck, be responsible.
I’m interested in how the vagraties of the law plays out. I’m working on software that won’t use ads or CDNs. All traffic terminates with my system. I will use cookies. I have no intent on putting up one of those cookie notification banner. All data I collect is to run the site. While that is valid under GDPR, I bet the EU will come a knockin for a fine if the site gets big enough
Re: Short-Run Effects of GDPR on Technology Venture Investment
#15I notice Brexit is mentioned only once in the paper, in a footnote mentioning that Great Britain is considered part of the EU for the purpose of their research. Another article currently on the HN frontpage discusses the effects of Brexit on companies [1], blaming Brexit for reduced investment and companies leaving the UK. While I am absolutely open to the possibility that the GDPR has negative effects on technology…
> At the very least it would have been nice if, in addition to graphs for the entire EU, there were graphs for the UK alone, and also for the EU without the UK. That would seem to require that the Crunchbase dataset referenced in the paper (but not discussed in terms of its content or format) was broken down in terms of specific businesses and their host country. The actual effects of the UK's exit are not yet known…
> The actual effects of the UK's exit are not yet known (the post-Brexit UK might even grandfather in some EU law like GDPR)
By default all existing EU law is grandfathered in, as a new legal category of "retained EU law". Changing or dropping individual laws would be considered on a case-by-case basis. The main legal significance of Brexit is that EU institutions will no longer be able to impose new legislation on the UK.
https://en.wikipedia.org/wiki/European_Union_(Withdrawal)_Ac...
Re: Short-Run Effects of GDPR on Technology Venture Investment
#16I notice Brexit is mentioned only once in the paper, in a footnote mentioning that Great Britain is considered part of the EU for the purpose of their research. Another article currently on the HN frontpage discusses the effects of Brexit on companies [1], blaming Brexit for reduced investment and companies leaving the UK. While I am absolutely open to the possibility that the GDPR has negative effects on technology…
> At the very least it would have been nice if, in addition to graphs for the entire EU, there were graphs for the UK alone, and also for the EU without the UK. That would seem to require that the Crunchbase dataset referenced in the paper (but not discussed in terms of its content or format) was broken down in terms of specific businesses and their host country. The actual effects of the UK's exit are not yet known…
I'm not really worried about the effects of Brexit on the GDPR, as someone else has said, it's likely that the UK will keep it, or something similar. But it's not yet clear what the other consequences of Brexit are going to be (deal / no deal, borders with Ireland, etc.), and the deadline is getting closer and closer. I wouldn't be surprised if investment has decreased because investors are waiting until after Brexit to see the effects. It's even possible that the decrease in investment can be explained entirely by the ever-nearing Brexit deadline.
Again, this isn't to say that I don't think the GDPR could possible result in lower investment, it's just since Brexit is happening in slow-motion at the same time, and I don't think the authors have tried to measure how much that contributes to their results.
Re: Short-Run Effects of GDPR on Technology Venture Investment
#17EU is a nightmare for any startup. Instead of developing new products, you have to spend >50% of your time just to comply with all those laws. and it keeps coming. Soon, every company will also be required to build copyright filter for all uploaded media files (content-id)...
First of all, the copyright laws int he entire world were forced by the US companies and the US state.
Second thing, I did not seen enough evidence that in general EU has more birocracy then other similar countries.
I assume you also complain about don't spam me law, because you have to actualy do some work to comply,
Re: Short-Run Effects of GDPR on Technology Venture Investment
#18Not everything is about the economy.
Considering "the economy" determines whether or not we can eat, have somewhere to live, get access to healthcare etc. (rightly or wrongly), I'd say it's pretty central to everything that we do as a species.
You can starve or have no health care in a country with a big economy, even have a big percentage of people poor in such a country, so how big the economy is is not relevant for many people.
Re: Short-Run Effects of GDPR on Technology Venture Investment
#19It's fun when people complain about having to handle personal data properly and not to collect more than they need. Bad luck, be responsible.
I’m interested in how the vagraties of the law plays out. I’m working on software that won’t use ads or CDNs. All traffic terminates with my system. I will use cookies. I have no intent on putting up one of those cookie notification banner. All data I collect is to run the site. While that is valid under GDPR, I bet the EU will come a knockin for a fine if the site gets big enough
>While that is valid under GDPR, I bet the EU will come a knockin for a fine if the site gets big enough
Why would you think so?
Re: Short-Run Effects of GDPR on Technology Venture Investment
#20It's fun when people complain about having to handle personal data properly and not to collect more than they need. Bad luck, be responsible.
The main defense against tracking used to be (in addition to more modern anti-tracking features) to configure the browser to remove cookies when exiting it.
With the big dialogs that one systematically finds at websites now, in practice you are being forced to accept those cookies, if only to avoid seeing those monster dialogs again.
So in practice the EU is massively driving people to accept permanent cookies. That's IMHO a valid reason to complain about GDPR.