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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Austen Allred‏Verified account @AustenAllred Mar 17

      Yet if we go even deeper (call it galaxy brain if you must) there are companies that aren’t started or invested in for fear of regulation

      1 reply 2 retweets 13 likes
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    2. Austen Allred‏Verified account @AustenAllred Mar 17

      Some of those are obvious, e.g. a company doing something that needs FDA approval requires $100m in investment when the actual tech might require $10m, but we even see it at Lambda School, in a relatively less-regulated space

      2 replies 0 retweets 10 likes
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    3. Austen Allred‏Verified account @AustenAllred Mar 17

      In fact I suspect the net effect of regulation is actually greater when the regulations aren’t well-defined, because it stops people from trying. It’s awfully difficult to build around something that doesn’t have clear precedent, which is almost everything interesting

      2 replies 2 retweets 29 likes
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    4. Austen Allred‏Verified account @AustenAllred Mar 17

      The risk there is company-ending, and causes an odd scenario: well established companies are unwilling to take such risks, which leaves only newer and more relatively shady companies doing those things

      2 replies 0 retweets 7 likes
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    5. Austen Allred‏Verified account @AustenAllred Mar 17

      I think we’re seeing this to some degree in ICOs. Legit companies aren’t going to act without precedent and existing case law from the SEC, so we’re left with new companies and sheisters hawking 99% bullshit, to the point that almost everyone says “ya just shut out down”

      3 replies 0 retweets 11 likes
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    6. Austen Allred‏Verified account @AustenAllred Mar 17

      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

      1 reply 0 retweets 16 likes
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    7. Austen Allred‏Verified account @AustenAllred Mar 17

      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

      3 replies 0 retweets 15 likes
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    8. Jim V.o.R.‏ @JimYoull Mar 17
      Replying to @AustenAllred

      Great. The regulations are working. It’s really not up to two kids with a laptop plus a sugar daddy to decide for society that a regulation is no longer needed.

      1 reply 0 retweets 0 likes
    9. Austen Allred‏Verified account @AustenAllred Mar 17
      Replying to @JimYoull

      The only person coming off as more of an arrogant prick than me right now is you. If you don’t think regulation that’s not carefully passed can hinder innovation literally everyone disagrees with you including regulators. That’s not even controversial.

      1 reply 0 retweets 2 likes
    10. Jim V.o.R.‏ @JimYoull Mar 17
      Replying to @AustenAllred

      Never said that. I will continue to say, until you find valid examples, that citing Uber and AirBNB as examples of successes is not backing your arguments in the least. They’ve done tremendous harm to the commons and to people’s lives due to the lack of regulation.

      1 reply 0 retweets 1 like
      Austen Allred‏Verified account @AustenAllred Mar 17
      Replying to @JimYoull

      I still contend they’re a *net* positive

      11:48 PM - 17 Mar 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Jim V.o.R.‏ @JimYoull Mar 17
          Replying to @AustenAllred

          for whom? Uber: MILLIONS of extra vehicle miles driven; psgrs diverted from transit; cycling in SF is now a death match AirBNB: thousands of residents permanently displaced; entire buildings turned into illegal hotels. The end does not justify the means.

          2 replies 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred Mar 17
          Replying to @JimYoull

          Oh boy, we’re just going to have to agree to disagree on this one. Disregard that point and read the rest.

          0 replies 0 retweets 0 likes
        4. End of conversation

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