Late night tweetstorm time. It seems that nearly everyone believes that regulation at a certain point hinders innovation, but I think almost everyone underestimates their net effect
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Interestingly some of the most impressive startups I see nowadays are entering heavily regulated spaces. There’s such an enormous moat when you make it through that it’s worth a shot, but it takes a founder willing to spend 80% of effort dealing w regulators and 20% w tech
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It may be to some degree that all the easy stuff has been done, but in my YC group at least 50% of the companies we’re going up against serious regulatory risk; the kind that’s difficult to define, understand, prepare for, or hedge against
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I know this would never happen in a billion years, but if you wanted to truly unlock innovation you would have to have regulators more frequently *bless* some practices, not just condemn them. A stamp of approval, not “they haven’t killed x yet so let’s assume it’s safe”
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End of conversation
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I smell a huge opportunity - brb (6 months).
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~adverse selection rules everything around me~
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