Otherwise read as "turns out that you make less money if you aren't allowed to sell people's private data off".
What else is new?
Short-Run Effects of GDPR on Technology Venture Investment
41–50 of 70 posts
Re: Short-Run Effects of GDPR on Technology Venture Investment
#42EU 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)...
I trust the EU to respect my rights far more than some startup trying to get an exit as fast a possible. If they get bankrupted by a GDPR fine then their business model needs a review.
> I trust the EU to respect my rights far more than some startup
This is an odd statement to continue seeing, given we’ve now seen GDPR weaponised by an EU member to stifle journalists investigating corrupt politicians [1].
We need regulation protecting privacy. The debate is whether GDPR does that effectively (i.e. causes the intended effects) and efficiently (i.e. with minimal undesirable side-effects). Saying “if they get bankrupted by GDPR...then their business model [is bad]” is extreme because it assumes without evidence GDPR’s efficiency.
[1] https://www.occrp.org/en/40-press-releases/presss-releases/8...
Re: Short-Run Effects of GDPR on Technology Venture Investment
#43EU 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)...
In my opinion, compliance with the law is, in general, a nightmare for startups (as long as you don't like spending more money on your lawyer than on your product).
But the GDPR gives small companies at least some extra privileges, so I don't see that one as a particular harmful law.
Re: Short-Run Effects of GDPR on Technology Venture Investment
#44I 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…
"Negative effects on technology" according to who, by what metric, and what technologies would be stunted exactly? GDPR isn't going to slow down research projects into new approaches to OS design, or physical hardware development. No one is stopping their generalized AI thesis work over customer data laws. The entire media coverage of GPDR and to an extent Brexit, seems like big business throwing a tantrum akin to a…
Please don't twist my words. I said "negative effects on technology venture investment", quoting the article. I do not oppose the GDPR.
Re: Short-Run Effects of GDPR on Technology Venture Investment
#45It's fun when people complain about having to handle personal data properly and not to collect more than they need. Bad luck, be responsible.
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Re: Short-Run Effects of GDPR on Technology Venture Investment
#46I 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…
"Negative effects on technology" according to who, by what metric, and what technologies would be stunted exactly? GDPR isn't going to slow down research projects into new approaches to OS design, or physical hardware development. No one is stopping their generalized AI thesis work over customer data laws. The entire media coverage of GPDR and to an extent Brexit, seems like big business throwing a tantrum akin to a…
> by what metric
From the abstract: "in the overall dollar amounts raised across funding deals, the number of deals, and the dollar amount raised per individual deal" by "EU ventures, relative to their US counterparts."
I would love to see this analysis re-run with a separation maintained between adtech and non-adtech companies. The effect on the former is expected and, to a degree, desired. The effect on the latter deserves scrutiny.
Re: Short-Run Effects of GDPR on Technology Venture Investment
#47Earlier quoted context omitted.
>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?
I don't trust the EU. They seem to go after companies with deep pockets when they need money. Look at the Google Android controversy lately. Nokia, any EU phone creator (are there any?), any EU phone creator that wants to get in the market can all create a phone that is not Android. Google traded the OS for install preference rather than money. It's called bartering. The EU let this go for years. Now Alphabet has mon…
You may disagree with their decision, but there's nothing surprising about it; it's pretty clearly a business model that the EU disapproves of, as the Microsoft case had shown, before Android was even a thing. Applying the same penalty for the same action is being trustworthy (which is not the same as "fair" or whatever you think of the decision).
Re: Short-Run Effects of GDPR on Technology Venture Investment
#48enjoy your made up rights, euroslaves
Re: Short-Run Effects of GDPR on Technology Venture Investment
#49I 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
However the effects ahead of Brexit are already occurring.
Re: Short-Run Effects of GDPR on Technology Venture Investment
#50Earlier quoted context omitted.
The cookie banner is only needed for 3rd party cookies.
... and persistent 1st party cookies which are then allowed to stick around for up to a year.
That’s my issue. If I have a cookie for a refresh token, I have to now have a banner saying the site uses a cookie. I have to have a page that explains why. All the while I have the site now looking shady because the banner is synonymous with stealing your data and selling it to ISIS.