I think we (in the EU) will soon realise the bizarre consequences of these regulations. European startups will not be able to use standard SaaS or PaaS tools (like AWS, Azure, Mailchimp, PayPal etc) if they are based in the US (like most of them are). No cloud services, no Office 365 or Google Workspace. It will take forever to build up a similar ecosystem in Europe and I think most successful European entrepreneurs…
> like AWS, Azure, Mailchimp, PayPal etc [...] No cloud services, no Office 365 or Google Workspace. Maybe an unpopular opinion, but imho AWS, GCP and Azure are popular with startups because of their generous free credits, not because they are good tools for startups. As a startup you are typically better served by a DigitalOcean-level of complexity, and there are plenty of such offers in the EU (Hetzner Cloud, Grids…
I know we've had a lot of issues with an European company we bought; we're both using Microsoft 365 but they're set up in France. I don't think the IT folks ever figured out how to merge them (even though we probably pay a shitton to MS for support), so those folks keep using their old domain (but we can share documents and whatnot, so at least that's set up).