"Uber started as a ride-hailing service and received a threat from the New York City mayor, who wanted to ban it because the taxi medallion system and Yellow Cab fleet were effectively protected by a union or guild of taxi drivers with political power pushing back against Uber. In contrast, Uber positioned itself as a fairer platform that allowed people of any income level, any minority group, and at any time of day to access ride-hailing services, unlike the regulated Yellow Cab fleet." - Jeremy Au, Host of BRAVE Southeast Asia Tech Podcast" - Jeremy Au
"Another thing to consider is whether a startup will ask for permission or beg for forgiveness as it scales. In a given jurisdiction, can it work with regulators or not? Can it mobilize grassroots customer support to lobby on its behalf? What is the narrative disrupting incumbents or challenging competition? Is the press a viable counterattack against legislators? What are the existing laws, and what are the consequences of breaking them? No penalty, a fine, jail, or even execution? These are the questions startup founders must think through." - Jeremy Au, Host of BRAVE Southeast Asia Tech Podcast" - Jeremy Au
"Whether you are a startup or a company, you must decide if you will proactively shape legislation and position yourself as the good actor who helps make policy happen. If you are becoming a Goliath, can you shape legislation in a way that benefits you, and can you start in test cases or cities that are friendliest, face the least opposition, and move the fastest? What is the inside game, what is the outside game, and how will you execute it?" - Jeremy Au, Host of BRAVE Southeast Asia Tech Podcast" - Jeremy Au
In this episode, Jeremy Au speaks on regulation vs. startups, monopoly power, regulatory capture, and startup strategy.
Keywords: BRAVE, Regulation vs. Startups, Monopoly Power, Regulatory Capture, Startup Strategy, Singapore, Southeast Asia, Startup, Thought Leadership
