This article is written by Jeremiah Uke, a Contributor Author at Startup Turkey.
Evan Burfield is the Co-founder of 1776, a technology firm that has since the past 5 years set up a venture fund and an incubator for startups, whilst also hosting thousands of startups from over 75 cities in the world in a competition called the challenge cup. Evan shares his ideas on how working with the government can be of great importance for a startup.
Silicon Valley, the region is located in
In much as it is important to strive to do things quickly as a startup, it is important to not forget that the government tends to regulate the things that are most important to citizens, things like food, electricity, healthcare, education are handled by the government in one way or the other. So, it’s hard to solve the big problems as a startup without having to deal with
the government, even the projected future of technology which is tending towards concepts such as artificial intelligence, robotics, blockchain, autonomous vehicles to mention a few, are all concepts which will be applied in sectors which are greatly controlled by the government.
Now that we know just how much the government plays in the sectors startups focus on,
As an entrepreneur, government regulations are capable of giving your startup good boosts as well as being the sole reason for a great decline in your progress, it is up to you to find and pivot your ships to sail in the same direction as the regulations of the government.