[ultra_nick]

It's crazy how many adults think regulation is free, especially here. All consuming vague regulations like GDPR increase the cost of a startup by 500%. Europe should have just banned startups entirely. It would have the same effect.

Imagine being a college student with 240 hours and $1,000 to release an MVP over the summer. How long would it take to read GDPR yourself, 100 hours? How much would it cost to hire a lawyer verify that your startup meets GDPR guidelines, $5,000? It would be almost impossible for any young person to start a business. GDPR was obviously a failure from the start. Anyone who couldn't see that has a child's understanding of business. Grow up.

[Ylpertnodi]

> All consuming vague regulations like GDPR increase the cost of a startup by 500%.

Source?

[omnimus]

I would say it's a lot more than 500%. If your business is based on doing things that are illegal under GDPR then the cost of doing that startup is close to infinite. But that's kinda the point of GDPR.