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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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.
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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.
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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.
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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.
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Replying to @JimYoull @AustenAllred
Jim V.o.R. Retweeted Vacation Rentals
and we are damn well drawing a line in both cases because these companies have run roughshod over community well-being. In Today’s (3/17) Tweets: Uber’s forced NEW REGULATION on Valencia & elsewhere: https://twitter.com/MLNow/status/974867176271368193 … Oh look, Homeaway/AirBNB toohttps://twitter.com/vacation_rent/status/975261976115912704 …
Jim V.o.R. added,
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Replying to @JimYoull @AustenAllred
You might salvage this train of though by dumping the examples and reconsidering the premise. That is, let’s hear about an actual “regulation” that interferes with release of a new, useful, not screwing-up-the-world invention. And we can consider how to fix that.
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Replying to @JimYoull @AustenAllred
Freebie for you: Stripe. Before Stripe, there were maybe 2 companies at the root of credit card clearing for online. Both sucked. I knew this but never imagined anyone could fix it with “powerful” competitors and dense banking regs. Stripe just shoved through and fixed it.
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Replying to @JimYoull
Stripe didn’t have to fight with as much regulation as people believe IMO, but they did have to partner with banks. But that’s a good one. How many bank charters have been created in the past 15 years?
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Every fintech company and the unpredictability of CFPB rulings and actions. Non-debt financial instruments in the education space. FDA approval of anything even vaguely related to machine learning. Same with TILA and machine learning. Non-animal meats and like 10 agencies
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