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Comment by learc83 | Hacker News Reader

What are some specific examples of regulations that made it too burdensome for you?

In my experience, losing employer provided healthcare has been the number one thing preventing people from starting a small business.

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I'm young and healthy so that wasn't an issue for me. I have looked at everything from starting shooting ranges to specialty chemical companies. Most regulations are local. Just look at your local zoning and building codes. It's probably 500+ pages. The other main ones are dealing with taxes. "Straightforward" ventures like algotrading suddenly become not worth it when you realize you will spend more time writing code to ensure that all of your transactions are meticulously recorded than you will actually analyzing data and writing trading algorithms. Not to mention you probably need a team of accountants for the million+ trades that can happen in a year. Without a specific industry I can't really explain the regulations as each has their own. I'll try to come back later and explain more but I'm pretty busy today

Not to nitpick or anything but guns and chemicals might not be the very best choices of industry for those looking to first dip their feet into the startup pool...

As far as algotrading regulations, they were put in place because bad apples took advantage of loose rules. If you can describe a way to prevent the bad apples from gumming things up WITHOUT regulations, you deserve a genius prize.

Algotrading has those regulations for good reason though... The last thing we need is a thousand silicon valley cowboys running around causing flash crashes all the time.

Regulations regarding shooting ranges, chemical companies, and algotrading seem burdensome to you... Somehow I think you are exactly the person that we create laws to protect ourselves against.

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