Startup Innovation: The Role of Regulation in EntrepreneurshipJune 2017

Phase 1 Next StepsObjectives & ApproachIntro Executive

Summary

Agenda

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Liya PalagashviliAssistant Professor of Economics, SUNY-PurchaseLaw & Economics Fellow, Classical Liberal Institute at NYU School of LawLiya earned her PhD in Economics from George Mason University in 2015, and while in graduate school she was also a Visiting PhD Fellow with the Department of Economics at New York University. She has published in academic journals and in major media outlets such as the Wall Street Journal, Forbes, Philadelphia Inquirer, MSN, and U.S. News and World Report, among others. Her research is in law and economics, political economy, regulations, and entrepreneurship. In 2016, Liya was named one of the Forbes ’30 under 30’ in Law & Policy.Liya.Palagashvili@nyu.edu / (717) 333 - 8862

IntroductionPrincipal Investigator

Co-Investigators

Seth C. Oranburg

Richard EpsteinInaugural Laurence A. Tisch Professor at NYU School of LawDirector, Classical Liberal Institute at NYU School of LawRichard received an LL.D., h.c. from the University of Ghent, 2003. He received a BA degree in philosophy summa cum laude from Columbia in 1964; a BA degree in law with first-class honors from Oxford University in 1966; and an LLB degree cum laude, from the Yale Law School in 1968. He is an expert on numerous areas of the law, including property, torts, land use, civil procedure, contract law, workers’ compensation, and Roman law. He is the author of Takings: Private Property and Eminent Domain, Mortal Peril: Our Inalienable Right to Health Care, Skepticism and Freedom: A Modern Case for Classical Liberalism, and Simple Rules for a Complex World. He is also the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, and a senior lecturer at the University of Chicago where he was on the regular faculty from 1973 to 2010.Richard.Epstein@nyu.edu / (212) 992 - 8858

We are professors in law and economics who have published research on regulations affecting startups and innovation.

Assistant Professor of Law, Duquesne University School of Law Fellow, Classical Liberal Institute at NYU School of LawSeth earned his J.D., with honors, from the University of Chicago Law School and his B.A., magna cum laude, from the University of Florida. He studies the effect of law on innovation and the economy. His research in crowdfunding, securities regulation, corporate governance, corporate finance, and intellectual property has been published in esteemed journals such as the Colorado Law Review, Rutgers University Law Review, Cornell Journal of Law & Public Policy, and Fordham Journal of Corporate Law. He has been interviewed by popular publications such as the AboveTheLaw.com, CommPro.Biz, and the Wall Street Journal. Additionally, Seth has been featured in mini-documentaries on the sharing economy.Seth.Oranburg@nyu.edu / (412) 407 - 7570

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Executive SummaryTech entrepreneurship is the heart of innovation, but it is everywhere beset by regulations. Uber created ride-sharing; 23&Me democratized access to genetic knowledge; WeWork revolutionized work space leasing. But all of these successful companies struggled through regulatory red tape, and many others did not survive.

Many analysts have looked at success stories, but no one has yet conducted a systematic scholarly study of failure:

• How have regulations impacted young startups and next-gen disruptive tech? • How do labor, financing, and securities regulations alter strategies and prospects? • Are these obstacles the same in general tech startup-ups, MedTech, and FinTech?

We want to hear from you: your input will be used to create a survey that will generate systematic quantitative datasets for empirical analysis.

We will write academic papers and popular op-eds, and present our findings through mainstream media. We plan to host a major conference at NYU to discuss results.

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Objectives & Approach We want to create a flourishing entrepreneurial environment by recommending balanced regulations that allow American tech to innovate and prosper.

We are looking to survey the professional landscape (you!) with a series of in-person interviews across the United States

Phase1:PilotInterviewsSummer2017

• Entrepreneurs & Founders

• Accelerators & Incubators

• Angels, Investors & VCs

• Practitioners & Policy Makers

Phase2:NationwideSurvey2017- 2018

We will use these pilot interviews to develop a nationwide survey, producing qualitative and quantitative data for analysis and publication

ü Create original data and new researchü Analyze innovation and regulationü Drive meaningful legal changes

ü Improve entrepreneurship in Americaü Make your [business] lives better!

Actionable results ∆ law & regulation

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Seeking to learn from you about startup activity and regulations in these key cities!

Phase 1: Pilot Interviews

ChicagoOmaha

Denver

Las VegasSan Diego

LA

SF DC

NYC

Boston

Austin

Miami

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PIT

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Tell us about your experience with regulatory challenges for start ups!

Next Steps

Funding Innovating

Hiring Growing

• Banking• Cryptocurrency• Securities

• App Stores• Patents• Permits

• Immigration• Labor• Payroll

• Privacy• Real Estate• Taxes

If you are interested in participating, email us at Law.StartupStudy@nyu.edu. We want to hear your story! Thank you.