But unlike EU startups, US startups have the advantage of only having to to comply with EU regulation when they're at scale and profitable.
I actually like GDPR and would love it if it was made law worldwide, but right now that's not the case and with being EU only it comes at the cost of EU tech. And if the EU wishes to remain economically competitive with the US in the coming decades we're going to need tech and GDPR is yet another hurdle preventing us from achieve this.
Again, I'm not really arguing what should be, but from a purely pragmatic perspective I'd argue tech regulation isn't good for the already struggling economy of the EU.
Being GDPR compliant right from the start should be seen as an advantage over competitors.
GDPR can really be reduced to "privacy by design" and "privacy by default". If your business struggles with those two principles it's a business you'll probably not need.
I actually like GDPR and would love it if it was made law worldwide, but right now that's not the case and with being EU only it comes at the cost of EU tech. And if the EU wishes to remain economically competitive with the US in the coming decades we're going to need tech and GDPR is yet another hurdle preventing us from achieve this.
Again, I'm not really arguing what should be, but from a purely pragmatic perspective I'd argue tech regulation isn't good for the already struggling economy of the EU.