> European investors specifically are much more interested in traditional business plans than US venture capitalists. “Data is the new oil” does not translate well into German, French or Spanish.
> In addition, with the GDPR, NIS (2) Directive & other regulations, data in Europe is definitely more “the new toxic waste”. It is in any case not a business plan.
> So not only do we lack the imagination to launch free platforms, the path to one day making money with them is blocked by regulation.
So protecting your citizens' rights and their privacy is "lack of imagination"? This is such a horrible argument. As if the only way to provide a service were to spy on your users.
>So protecting your citizens' rights and their privacy is "lack of imagination"? This is such a horrible argument.
I don't really think it's the argument the author is making, or if they are, they mean it sarcastically.
The frustration is with the state of affairs where American companies can destroy the entire market for software products with free services built on data mining, much like Uber, Lyft, Doordash, etc. have upended the market by completely ignoring profitability in search of marketshare.
And data mining pretty much is the only way to provide a free service and still make money.
Protecting? They’re dining small companies millions, but fail to do anything against “big tech”
The whole gdpr is a big mess.
In terms of investors, there is barely any seed capital. There is series A/B, but the amounts are smaller than a typical seed round. They need to see profits from day one
> In addition, with the GDPR, NIS (2) Directive & other regulations, data in Europe is definitely more “the new toxic waste”. It is in any case not a business plan.
> So not only do we lack the imagination to launch free platforms, the path to one day making money with them is blocked by regulation.
So protecting your citizens' rights and their privacy is "lack of imagination"? This is such a horrible argument. As if the only way to provide a service were to spy on your users.