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Startups are motivated to change the world. Regulators are motivated to keep the world stable.

Note I didn't say regulators are motivated to not change te world. Many individuals performing regulation are well-intentioned and want to improve society, but their primary objective is to keep risk levels low.

On an individual level, startup founders have huge financial upside if their plans succeed. The regulator won't even see a bonus for that. No-one's going to say "well done on letting those guys launch here, here's a bonus for your efforts". The main financial incentive for the regulator is a safe retirement plan, and that only happens if nothing hits the fan.




nice quote

"Startups are motivated to change the world. Regulators are motivated to keep the world stable."




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