GDPR’s effects on Startups

A new ruling, General Data Protection Regulation (GDPR), taking effect in May 2018 will have a worldwide impact on firms including those in the USA who have interests, holdings, customers and other touch points on European soil. How will GDPR effect the startup tech community? Will this stifle the idea of work fast and break things? Will this cause an increase in costs for startups? Will startups be reticent to enter EU markets?
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Looking for opinions and quotes from policy and legal experts on how GDPR will effect startups in the US.

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