Regulation

“I would also argue that, that, that using that rule which is to go where it's all right, already regulated Gives you more certainty rather than less certainty, and that's important. And then also in that example, let's just say that they were allowing 10,000 h…”

“Where it can run into trouble is regulation. I mean, if you are highly concentrated in single market and then regulation changes, like that's a big risk.”

“I think it's 95% of a company's success is that. Everything else, like I said, is excuses. So regulation doesn't matter.”

“It's my opinion that we regulated nuclear out of business because we made it too expensive.”

“Entrepreneurs that are coming up since the Uber time. Are not scared of regulation the way that bits.”

“The problem remains then and now is regulatory because you actually can't shift the burden Of the wrong clinical diagnoses from the physician to the AI system.”

“I think the thing, you know, that could cut against that, if the regulation gets extremely difficult and mundane and expensive, that could actually lead to more oligopoly. And I think some of the players know that and are begging for regulation.”

“First of all, an awful lot of quality human decision-making of necessity has to be tacit and instinctive, not regulatory.”

“It's far more likely to see some kind of regulation of Chinese AI companies, not obviously taking control, but some kind of pushback there. I think that's highly likely, but not US.”

“And in fact, the Biden administration passed 1.7 trillion dollars in regulation, setting an all-time record by many multiples of massive regulation.”

“Our average was like 10 to one in the first Trump administration.”

“No entrepreneur ever Has not started a company because of regulation. So best entrepreneurs say goes through walls made out of titanium to make it happen. So I think, you know, in some sense, you know, it's an excuse.”

“The market signal around, around regulation is the highest cost that anybody that's trying to build something.”

“The Trump administration's great plan for staging the great American manufacturing comeback is simple. You're making interesting new things here in America? Great. Then we're going to cut your taxes. We're going to slash regulations. We're going to reduce the …”

“Regulation tends to Shut out new entrants and entrench the older companies because the older companies are the ones that have the resources to comply.”

“One of the reasons why I very rarely invest in kind of regulated businesses and would be normally very cautious about co-founding them is that regulation always massively slows down innovation.”

“You should do regulation, When bad regulation is better than no regulation, whether it's an industry, whether it's a specific kind of thing, but you shouldn't just like delude yourself that you're super smart and a technocrat and that you know how to do this r…”

“In 20, 25 regulation is going to become code.”

“Much of the private enterprise should honestly be left to it to compete its way out in the free market. You should not be intervening. However, wherever there are risks associated with it hurting people, Or on the well-being of the labor involved, the safety i…”

“As of May of 2022, There are almost 61,000 individual regulations in the state of California.”

“There's actually only one reason housing is expensive. Pure regulation.”

“Until you are very clear about the outcomes you want to achieve, putting in place regulations could be counterproductive.”

“Trump put in a rule for every new regulation any cabinet member wanted to enact. You had to cancel two of at least equal magnitude. Well, we actually overall canceled eight for every new one that we put in”

“The challenge in China is, you know, again, what drive valuation? Consistency and predictability. So right now there is no predictability on regulations, right? So it's hard to invest.”

“While there has been regulation, a lot of regulation, especially in FinTech, sometimes in some other sectors as well, but it has also A lot of areas were probably gray. I'd say, you know, five, six years back today, they are black and white. So I think it give…”

“It's not that I'm worried that in three to five years everything's gonna blow up. It's just that I'm Convinced that it takes 10 years to get to a place that we have an infrastructure of regulation that we can count on.”

“I think if we built, if we do nothing on policy or regulation, we're sort of gambling that everyone is going to be reasonably responsible and not cut corners. And I think in a really like fast moving, crazy technology market, like AI, you aren't really guarant…”

“The one in this case was basically that regulation only goes in one direction. It only goes up into the right. Nobody ever rolls back any of these needs. It's only gonna increase.”

“The obvious thing that's gonna happen if they do put regulations around this is just further entrench the power of the big five companies.”

“AI is moving on a timescale of month to month, week to week, and, you know, regulations are on a few-year timescale at best put together, and that's just too slow of a feedback loop, and it's too heavy-handed, and it's probably not the way forward.”

“It's the same thing in healthcare in America, all the incumbents, right? All the regulations. And so you can't adapt and the healthcare is like three times as expensive or something as it would be.”

“This is eminently doable. It's going to require a huge lift and probably a lot of changes to the way that content is moderated on platforms. It will require new algorithms. And of course it will require new regulation of types, right? Over the next few years.”

“Regulation is the friend of the incumbent.”

“If there are proven examples over time, Where regulation in a particular sector is not up to scratch. Of course, we should be looking at that, but not just because the owner is a private markets firm, but irrespective of the owner.”

“Once you reach a certain size, you are highly incentivized to stop new entrants from coming in. And the only way to do that, and particularly in a democracy, is to do state capture, is to work very closely with governments, parrot what they're saying, and then…”

“Healthcare is one of those domains where I think regulation can be a tailwind for innovation and category creation.”

“I think that a productive outcome of that regulation is anything above a certain level of flops needs to be registered similar to, well, bio weapons and things that have the potential for dual use.”

“I think regulation is more of an opportunity at this point than a risk.”

“In the state level, there are usually several 100,000. At the federal level, there are like over a million.”

“If I'm a regulator at the Texas commission for environmental quality I need to like read through my like 3000 regulations and go back and like Fact check every single law that I cite. That's like a year long process for like a team of five people.”

“People talk about the small business being the backbone of our economy. I actually think regulation is like the backbone of our economy, good or bad, sometimes even bad back.”

“So clearly you'll need some sort of, Regulation in order to you know. I guess heard the cats towards the airlines making the proper investments in the fuels.”

“The only people that want regulation are two ends of the spectrum. So young and so disruptive where they want rails to operate legally, and so big and so over the top that they want to basically entrench themselves for the rest of their lives. That's it. Every…”

“Car companies didn't do safety because they thought it didn't sell, and they were right, it didn't sell. That wasn't a selling point. You couldn't sell a car by saying it was more safe, except unless you were Volvo, and so what had to happen instead was you ne…”

“Every, every law is in, in large part, a story about a tragedy that happened. A tragedy that they wish not to see happen again. And it usually is a response to sort of public outcry about something. And so, As a result, you get every lawmaker, to put it in sor…”

“I think that this sort of SPAC phenomenon we're seeing is probably going to be long-term actually a good thing for SPACs insofar as they're going to create more regulations and other policies and better practices around these things so that they're not effecti…”

“So for example, you know, we've been unable to come up with new designs for nuclear power stations for several decades. That's because licensing a new design for nuclear power station would cost billions under the present licensing system. So nobody bothers to…”

“As the cars got more technologically advanced, faster, more dangerous then regulations came into place. And I draw a parallel with the thing that you say all the time around tech and how it is becoming part of our everyday life. It's not a gimmick anymore. It'…”

“I think we should be looking at it the other way that regulation can actually be a catalyst for some of the major platforms that have been created in the past several decades.”

“Markets with high barrier to entry, they are likely to be places where you can make a huge difference because Innovation is so hard because of regulation that people don't even try.”

“Deeply understand the regulation, both what is the current regulation and what's proposed. Regulation is constantly evolving, and you actually want to be close to where it's headed, not just to the current state.”

“The high tide of financial innovation in, in, in other respects, non-crypto financial innovation, was in a period roughly, you know, 2000 to 2007, and the great bulk of that innovation was essentially just doing an end run around regulations.”

“The idea of I'm just gonna ignore it or be big enough until I have a voice and then I'll lobby. I think it's a very binary and costly strategy.”

“One of the reasons that I think cost of capital for startups is so high is because there's lack of regulation.”

“We as a DCM, as a fund, really saw that, ah, regulations were shifting in a way that we hadn't seen in the last couple of decades, and so this led to a real market opportunity for innovators, and I think Ease is certainly one of them.”