John Collison: prediction

Transcript context

…Yes. What are investors betting on? They're betting on, will anyone churn off of Equifax because this happens? I think the cynical but correct take is no. Sometimes, because you're like, "Equifax or Delta, am I going to stop?" I'm not going to stop flying Delta, especially 10 to 15 years into this where you're like, "Oh, another one. I'll add an eighth credit monitoring service." I think there is a cynicism there that is probably correct. Yeah. The other thing that feels like it's changing in this ecosystem is that the costs of having data breaches are going up because Europe, in particular, is getting very strict about notifications. Sometimes, fines around these breaches. How is that changing your world? We also cover some of the data privacy standards. Your GDPR, your CCPA, there's, again, alphabet soup of acronyms here. Honestly, we see demand for that that goes in waves. It tracks what you expect. It's higher in Europe. I mean, Vanta, as a product, in general, does even better in Europe and better than you would guess for a California company that doesn't have European roots. I do think there's some cultural affinity and just seriousness there, versus the easy critique of Americans in compliance is like, "I'm just checking. You tell me where the bar is, and I'll meet your bar."…

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