>> unless user data is a big part of its value proposition
I think this is the real issue. Some large percentage of the current crop of startups don't actually have a business model other than "get as much data as possible and sell it to the lowest bidder".
GDPR is adding a substantial implementation tax to that model and what we're seeing is the reset for companies who can't survive.
No, any startup that uses data to make an adaptive service and better user experience is also at risk. Want to record what people bought so that you can show them similar items next time or recommend New articles they might like? Here comes the dumb web.
I think this is the real issue. Some large percentage of the current crop of startups don't actually have a business model other than "get as much data as possible and sell it to the lowest bidder".
GDPR is adding a substantial implementation tax to that model and what we're seeing is the reset for companies who can't survive.