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Regulatory Hacking: A Playbook for Startups
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Named by Inc. magazine as one of the Ten Best Business Books of 2018
Every startup wants to change the world. But the ones who truly make an impact know something the others don't: how to make government and regulation work for them.Â
As startups use technology to shape the way we live, work, and learn, they're taking on challenges in sectors like healthcare, infrastructure, and education, where failure is far more consequential than a humorous chat with Siri or the wrong package on your doorstep. These startups inevitably have to face governments responsible for protecting citizens through regulation. Love it or hate it, we're entering the next era of the digital revolution: the Regulatory Era.Â
The big winners in this era - in terms of both impact and financial return - will need skills they won't teach you in business school or most startup incubators: how to scale a business in an industry deeply intertwined with government.Â
Here, for the first time, is the playbook on how to win the regulatory era. "Regulatory hacking" doesn't mean "cutting through red tape"; it's really about finding a creative, strategic approach to navigating complex markets.Â
Evan Burfield is the cofounder of 1776, a Washington, DC-based venture capital firm and incubator specializing in regulated industries. Burfield has coached startups on how to understand, adapt to, and influence government regulation. Now, in Regulatory Hacking, he draws on that expertise and real startup success stories to show you how to do the same. For instance, you'll learn how...Â
Through fascinating case studies and interviews with startup founders, Burfield shows you how to build a compelling narrative for your startup, use it to build a grassroots movement to impact regulation, and develop influence to overcome entrenched relationships between incumbents and governments. These are just some of the tools in the book that you'll need to win the next frontier of innovation.
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Audible Audiobook
Listening Length: 10 hours and 16 minutes
Program Type: Audiobook
Version: Unabridged
Publisher: Penguin Audio
Audible.com Release Date: June 19, 2018
Whispersync for Voice: Ready
Language: English, English
ASIN: B07CRVLR59
Amazon Best Sellers Rank:
As an entrepreneur and someone who is generally interested in both government and start-ups, I find this book to be incredibly useful. Burfield doesn't just walk the reader through how startups can navigate regulated markets, he tells stories that bring the concepts to life. If you are starting a business in a regulated market, this book should be required reading. But the lessons in Regulatory Hacking are broad and deep, so I'd recommend Regulatory Hacking to anyone who finds it interesting to contemplate the intersection of government and business at this unique moment in history. Enjoy!
So many industries now are being disrupted by innovation and technology but increasingly this comes with calls for more regulation. Usually the industries that most need disrupting are those that are already regulated as they affect individuals in a crucial way. Some companies ride straight over regulators, asking for forgiveness not permission (and sometimes not even that). Even if the intention is to work within regulatory frameworks it can be impossible to know how to succeed as a business in these industries. Evan Burfield explains how to go about entering highly regulated industries with success using great examples and case studies. His experience in building companies himself, and incubating them at the 1776 hub and seed fund, combined with his understanding politics and the public sector framework mean the reader gets a truly unique and nuanced perspective that would be difficult to find elsewhere .
I was excited to get my pre-order of this book. Burfield does a great job at walking through the practical aspects of starting/scaling a company in a regulated industry, but rather than feel like a textbook he uses case studies and storytelling to bring you through the core concepts.I think the book is perfect if you are addressing regulated industries, but is also a great read for any startup entrepreneur who is interested in the founding stories of the same great companies of this decade.
Well written, timely, and on point. Burfield's sense of reality is honed by being a critical node in the successes (and failures) of so many startups. In an era when it's increasingly difficult to discern truths due to obfuscating marketing copy, this book is a pleasant return to sanity. Those that heed this handbook will likely find themselves in position to capture value.
This book is one of a kind. While there are numerous books that discuss business planning and startup journey, Regulatory Hacking is unique in that it seamlessly transitions between the startup journey and the challenges of government regulations. It gives entrepreneurs a competitive advantage. It teaches us how to run a startup while leveraging the complexities of government to their highest potential.Regulatory Hacking should be part of every entrepreneur's reading list.
As a startup founder in the clean technology space focused on water/sanitation, this book has been HUGELY useful for us as it both articulates, and provides solutions to, the unique challenges of being a new company in a heavily regulated industry like ours. Could not recommend it more highly!
This book charts out the playbook for entrepreneurs looking to make headway selling to government and regulated industries. As someone who has spent more than a decade working with companies to build their go-to-market strategies for government, Evan nailed it.
Regulatory Hacking is a practical as well as interesting book. Evan does a great job of using stories of startups to illustrate actionable steps for businesses that need to navigate regulations at the city, state and federal levels.
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