07.1 Embracing Regulation Six months after the implementation of GDPR, Founders across Europe view data protection and privacy as the Six months after the implementation of GDPR, Founders across Europe view data most challenging area of regulation for their business. Six months after the implementation of GDPR, Founders across Europe view data protection and privacy as the protection and privacy as the most challenging area of regulation for their business. most challenging area of regulation for their business. Which one area of regulation do you view as UK & Ireland 35 13 10 5 6 4 3 2 3 1 17 most challenging for your company in 2018? Southern Europe 25 17 15 11 9 2 3 8 2 3 6 Which one area of regulation do you view as UK & Ireland 35 13 10 5 6 4 3 2 3 1 17 most challenging for your company in 2018? Nordics 22 16 10 11 8 5 4 4 3 2 15 LEGEND Southern Europe 25 17 15 11 9 2 3 8 2 3 6 upto 35 France & Benelux 21 16 14 9 7 3 3 3 4 6 13 LEGEND Nordics 22 16 10 11 8 5 4 4 3 2 15 25 to 30 upto 35 Eastern Europe 25 7 12 13 16 7 4 3 3 1 7 20 to 25 France & Benelux 21 16 14 9 7 3 3 3 4 6 13 25 to 30 DACH 27 11 8 9 14 5 3 3 5 5 12 15 to 20 Eastern Europe 25 7 12 13 16 7 4 3 3 1 7 20 to 25 10 to 15 Central Europe & Baltics 16 14 9 14 15 6 7 4 2 6 7 15 to 20 DACH 27 11 8 9 14 5 3 3 5 5 12 5 to 10 10 to 15 y t n x n t s n g n s c n o a o h t o n o a Central Europe & Baltics a16 e14 i 9 T14 i 15 g6 n7 i 4 i 2 i 6 e 7 t t i e t s t r upto 5 v i r i m t a y t c n a a r y e c a e e s p i p t i e o p f P c l 5 to 10 d l i o o i a s n p m rt C r L c e p o h a m t o e t l t y C n x n sr n g n s n c E n o a C o h te o na of a o a e i T i g n i i t i o e i t t i em t sa t r upto 5 t v i r i m t a tu c n ae a c r y e c y as e e D sn e p i p t i e o p f Pn c l o t d l i o o o i a s o n p m rt C r L c N e r C p o h p a m o e l t E C C r a n e a f t o t o a i m a D t u D e c s n e n o t o N o r C p a t a D Note: Source: Founder respondents only Note: Source: Founder respondents only There’s a clear split in opinion within the industry on the question of whether There's a clear split in opinion within the industry on the question of whether European regulators act with the European regulators act with the interests of tech startups in mind. Founders, interests of tech startups in mind. Founders, most notably, are inclined to be sceptical of the motivations of There's a clear split in opinion within the industry on the question of whether European regulators act with the most notably, are inclined to be sceptical of the motivations of European European regulators, especially those from the DACH region interests of tech startups in mind. Founders, most notably, are inclined to be sceptical of the motivations of There's a clear split in opinion within the industry on the question of whether European regulators act with the regulators, especially those from the DACH region. European regulators, especially those from the DACH region interests of tech startups in mind. Founders, most notably, are inclined to be sceptical of the motivations of European regulators, especially those from the DACH region Where relevant, do you believe that European Central Europe & Baltics 47% 53% regulators act with the interests of tech DATASET: SUBREGION Where relevant, do you believe that European Central Europe & Baltics 47% 53% startups in mind? DACH 35% 65% regulators act with the interests of tech Central Europe & Baltics 53% Where relevant, do you believe that European 47% startups in mind? DACH 35% 65% DATASET: SUBREGION regulators act with the interests of tech Eastern Europe 54% 46% DATASET: SUBREGION DACH 65% startups in mind? 35% LEGEND Eastern Europe 54% 46% Yes LEGEND DATASET: SUBREGION France & Benelux 53% 47% No Eastern Europe 54% 46% Yes France & Benelux 53% 47% LEGEND No Nordics 47% 53% Yes France & Benelux 53% 47% No Nordics 47% 53% Southern Europe 45% 55% Nordics 47% 53% Southern Europe 45% 55% UK & Ireland 43% 57% Southern Europe 45% 55% UK & Ireland 43% 57% 0 20 40 60 80 100 UK & Ireland 43% % of respondents 57% 0 20 40 60 80 100 % of respondents There's a clear split in opinion within the industry on the question of whether European regulators act with the 0 20 40 60 80 100 Source: % of respondents interests of tech startups in mind. Founders, most notably, are inclined to be sceptical of the motivations of Source: European regulators, especially those from the DACH region DATASET: OCCUPATION Source: Where relevant, do you believe that European Academic/researcher 55% 45% regulators act with the interests of tech startups in mind? Angel investor 47% 53% DATASET: OCCUPATION Employee at a private company that is not a tech startup/scale-up 46% 54% LEGEND Yes Employee at a private tech startup or 47% 53% scale-up No Employee at a publicly listed non-tech 55% 45% company Employee at a publicly listed tech 44% 56% company Employee in the public sector 59% 41% Founder 36% 64% Media/Journalist 57% 43% Other investor 48% 52% Policymaker/regulator 73% 27% Student 60% 40% Venture capitalist 45% 55% 0 20 40 60 80 100 % of respondents Source: & 93 In Partnership with www.thestateofeuropeantech.com