I’m actually bootstrapping, so the VC situation isn’t relevant to me.
It’s a distant memory to me now, I’m building a company and so much has happened that the details of this decision have faded away. But, between the AI act and GDPR, there’s a set of potential traps laid out for you to step into, along with reams of paperwork. All that requires lawyers and compliance consultants to help you figure it out, and that’s way too much for a fledgling startup.
I think it said it all that the AI regulations were written before there was really anyone to regulate. Why would I want to pour my heart and soul into a system that’s geared to find ways to stop me from building?
Anyway, it’s no longer relevant to me: I’m gone and I don’t have to worry about it anymore.
Awesome! I'm also bootstrapping. My company is set up in a place where the local version of the GPDR is significantly stricter and more onerous than the GDPR itself - yes, you heard it right, this exists! GDPR isn't even the toughest privacy laws in the world .
Yet startups here have managed to compete with US bigtech incomparably better than the EU. Shows that tough privacy laws have nothing to do with it.
> All that requires lawyers and compliance consultants to help you figure it out, and that’s way too much for a fledgling startup.
It also really just doesn't unless you're doing really shady stuff, in which case, good. The huge majority of startups don't need a lawyer to deal with GDPR.
It’s a distant memory to me now, I’m building a company and so much has happened that the details of this decision have faded away. But, between the AI act and GDPR, there’s a set of potential traps laid out for you to step into, along with reams of paperwork. All that requires lawyers and compliance consultants to help you figure it out, and that’s way too much for a fledgling startup.
I think it said it all that the AI regulations were written before there was really anyone to regulate. Why would I want to pour my heart and soul into a system that’s geared to find ways to stop me from building?
Anyway, it’s no longer relevant to me: I’m gone and I don’t have to worry about it anymore.