Most people were stunned by Donald Trump winning the presidential race on Tuesday. His victory was followed by waves of questions like “how did this happen?” and “what policies will he implement?”
In Silicon Valley, one big question is what does Trump in the Oval Office mean for startups? Let’s take a look, with the disclaimer that the in-coming Trump Administration is still working on its agenda after sticking to a mostly vague platform during the campaign:
Lots of VC funds have money to invest, but you’ll still have to be careful. While funding won’t dry up overnight and shouldn’t be a huge concern for startups, uncertain macroeconomics might make some investors more cautious for a little while.
Regulations may or may not change. Trump has said he wants to repeal the Affordable Healthcare Act, among other regulatory changes. But then again, he may not in its entirety, as he’s now hinted. Trump made many promises during his campaign, but now we have to wait and see what materializes. Other areas that he has promised to address that could impact startups include immigration, cybersecurity, financial services, taxes, and international trade.
Startups can make the world a better place. Now, more than ever, is the time for the tech industry and entrepreneurs to get to work and tackle important challenges like education, increasing healthcare access, and providing access to jobs. And you don’t even need a for-business model. Check out my profile of a startup accelerator that exclusively works with non-profit tech startups, and whose alumni have tackled food donations, education, reporting sexual assault, donations of medication, and even making voting more transparent.
One thing you can’t easily do is secede from the U.S., as some Silicon Valley investors who oppose Trump have quickly jumped to suggest. Not only is it incredibly difficult given our current laws, but that’s exactly the attitude that led to the economic divide at the center of this election.
This is the Startup Sunday edition of Data Sheet, Fortune’s daily tech newsletter, edited by reporter Kia Kokalitcheva. You may reach me via Twitter, email, or an entirely new platform that your startup developed. Feedback welcome.