“They're all volunteers. There are only four paid employees in the organization right now.”
“For a company between zero employees and 20, the only laws that apply are health and safety. When you get to 21, all of them do.”
Eric Schmidt, proposal to European policymakers · In Good Company with Nicolai Tangen · Eric Schmidt: The Age of Agents, Superintelligence, and Why Europe Is Falling Behind
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What was described
Proposed a rule that companies with 0-20 employees are subject only to health and safety laws, avoiding other regulations until they reach 21 employees
0-20 employees threshold, 21 employees triggers full regulations
Said nearby on the same subject
“He said, whether you like it or not, you're going to be regulated. So decide now. Do you want to make the rules for yourselves or do you want other people to make the rules?”
“Our ICP is companies who have a thousand plus frontline employees ... they aren't issued company email ... we send them a text”
“The regulators regulate before they innovate... you can't do this... you can't run startups in a limited market where there's a lot of rules.”
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