Another excellent event yesterday, run by our very own Hannah Joyce.
The conversation flowed freely from a great group of guests (thanks to all who attended)
The overarching feeling seemed to be that regulation, far from reining in the market dominance of Facebook and Google, seems to be acting in their favour. One of the guests commented to the VCs in the room - "Instead of investing in digital media companies you might as well buy stock in Facebook or Alphabet."
Food for thought....
An interesting debate today about data privacy and usage amongst tech companies, corporate's and governments. GDPR was implemented in order to protect consumers however we are beginning to see why big tech's are pushing governments for more regulation. It amazes me how much venture capital investment is been spent on Facebook and Google. GDPR was in fact the first step in allowing the big-tech players to take a larger % of the ad-spend $$ by ensuring they close the loop on incumbents. It appears from conversations today at the Calibre One Breakfast Series that there might be a need for an independent body, with no commercial agenda to take control on creating the rules and regulations that genuinely put the power of data sharing back in to the hands of the user.