Introducing NinjaPear Learn more

NinjaPear Logo NinjaPear

Thriving in the gray area

The giant startups that shook up our lives such as Uber and Airbnb did so because they were, by nature, disruptive. But disruption is a nicer way of saying illegal. Then they got so big so fast that regulators have no choice but to regulate them permissively,

The recipe for disruption is of the following:

  1. Provides a service that is so obviously good for the consumers
  2. Grow big before regulators have time to react

There are (illegal) disruptions, and then there is the gray area. I had a lot of weird customers from my previous experience at NuMoney. Customers who dipped their toes in the gray area such as

  • as selling prepaid debit cards so people can move "funds" out of a country
  • money changers offering remitting services

The above services are perfectly legal, and they contribute to money laundering.

Then there is AI and Big Data. With Sapiengraph, we work exclusively with data publicly attainable on the internet. Beyond that, I have decided to (pay money) and seek formal legal advice to make sure we stay on the right side of the law.

Right from the get-go, I have made it a mission to steer clear of regulations. That means to say that we will not go head-to-head against incumbent laws. From my experience (with NuMoney/LandX), it is almost always a losing fight. This time, I will not build a business that will require a license.

Steven Goh | CEO
World's laziest CEO. Before starting the highly-successful Proxycurl and Sapiengraph, Steven founded 5 other startups: Gom VPN, Kloudsec, SilvrBullet, NuMoney, and SharedHere.

Featured Articles

Here's what we've been up to recently.

I dismissed someone, and it was not because of COVID19

The cadence of delivery. Last month, I dismissed the employment of a software developer who oversold himself during the interview phase. He turned out to be on the lowest rung of the software engineers in my company. Not being good enough is not a reason to be dismissed. But not

sharedhere

I got blocked from posting on Facebook

I tried sharing some news on Facebook today, and I got blocked from posting in other groups. I had figured that I needed a better growth engine instead of over-sharing on Facebook, so I spent the morning planning the new growth engine. Growth Hacking I term what I do in