A16Z begins UK expansion due to hostile US regulatory environment
1 point by illumin8 2 years ago | 3 comments- fastball 2 years agoIs the UK really the best backup to the US in terms of "regulatory environment" (and by that they of course mean "limited regulation")?
- illumin8 2 years agoApparently it's a lot better than the US under Rishi Sunak.
https://twitter.com/RishiSunak/status/1668174629695832064?s=...
How refreshing it must be to have a government run by a middle-aged person that knows how to use technology as opposed to the 80+ year old gerontocracy we have here in the US...
- clipsy 2 years agoAn empty and self-congratulatory comment is all you need to convince yourself that the UK (and/or Sunak in particular) is friendly to tech? He's an outspoken supporter[0] of the Online Safety Bill, which would effectively outlaw end-to-end encryption and mandate backdoors to "protect the children." A more accurate description of A16Z's move here is that they don't care about invasive and oppressive regulations as long as those regulations don't impact their bottom line, but I suppose "let us keep dodging taxes and privacy regulations and we'll help you spy on your citizens" doesn't have quite the same ring.
[0]: https://techmonitor.ai/policy/rishi-sunak-online-safety-bill...
- clipsy 2 years ago
- illumin8 2 years ago