The Department of Stanford and Proper rights University holds a general population work shop on Feb. , to discover the intersection amongst business cash and antitrust laws.12 and 2020 The entire-day time workshop will talk about developments in enterprise funds financial investment out of the 1990s via current, with a center on what antitrust enforcers can gain knowledge from shareholders about how to recognize nascent competing firms in marketplaces dominated by technology tools. The work shop will even deal with proposed answers to concerns that reasonably competitive options to the market-primary tools are not desirable investment possibilities.
The Justice Department’s Antitrust Division and also the Stanford Graduate School of Business will co-sponsor the workshop, vc funding that may bring together endeavor capitalists, academics from equally laws and organization, along with other technician sector stakeholders. The Antitrust Stanford and Section prefer to take a look at the practical concerns that early on level shareholders confront when computing the danger of investing in a start-up and get out of methods.
January 14, 2020
Press Release: Department of Justice Antitrust Division to Co-Host Workshop on Venture Capital Investment and Antitrust Law with Stanford University
On this page:
Registration
Date and site
Public Comment Submissions
Workshop Agenda
Registration
The workshop is free and wide open for the general public and often will come about at Paul Brest Hall, 555 Salvatierra Walk, Stanford University, from 9 a.m. Pacific Time and energy to 5 p.m. Pacific Time. A recording with the workshop will probably be available on the Division’s web site. Individuals the push also really should backup Alexei.Woltornist@usdoj.gov on their own subscription electronic mail. Seating will be on a primary-arrive, primary-offered time frame.
Register by means of Stanford Law School.
Note: Reasonable lodgings for those who have issues are available upon ask for. You should get hold of the Antitrust Division at ATR.VCworkshop@usdoj.gov when you need this kind of lodging. Such needs should include a detailed description with the accommodations essential and methods to call you once we need more data.
Date and Location
Date:
February 12, 2020
9: 00 a.m. - 5: 00 p.m. PST
Location:
Public Comment Submissions
The Department of Justice encourages remarks from your general population over the issues included in this workshop. Interested celebrations might submit public responses on the web now by way of March 14, 2020 at ATR.VCworkshop@usdoj.gov.
privacy and Security: Written distribution and also the personality from the submitter may very well bedisclosed and reproduced, and distributed by distribution and/or publishing for the Department of Justice Web-site, Vc Funding at the attention of the Department of Justice. Information which is presented in relationship with this workshop cannot be looked after as private through the Department of Justice. Written submissions should not contain any info that the presenting guy seeks to conserve as personal or confidential.
Workshop Agenda
View training video in the Opening Remarks
View video clip of Fireside Chat
View video of Antitrust for VCs
View movie of Panel 1
View online video of Afternoon Remarks
View video clip of Panel 2
View video clip of Panel 3
View video clip of Roundtable
View video recording of Closing Remarks
View Transcript
Opening Remarks
Makan Delrahim, Assistant Attorney General, Antitrust Division, U.S. Department of Justice
Fireside Chat with Michael Moritz: Trends in VC Investment: How does we have right here?
Michael Moritz, an associate at Sequoia Capital, will discuss tendencies in start-up purchase out of the 1990s throughout the present with Professor Joseph Grundfest, the William A. Franke Professor of Law and Business at Stanford Law School. Mr. Moritz will write about anecdotes about early vc funding investment decision and speak about what can be figured out from their website. Topics might also add a conversation of ahead of time field and regulatory complications and the way an investment neighborhood overcame them.
Antitrust for VCs: A Conversation with Stanford Law Professor Doug Melamed
Doug Melamed, Professor of the Practice of Law at Stanford Law School, vc funding will deliver a breakdown of antitrust enforcement and regulation as it might pertain to venture cash investment. Professor Melamed will discuss the overall components of merger review, as well as relevant the latest mergers related to the technological business and nascent opposition. He may also identify each unilateral perform (i.e., tying, exclusive working with, predatory rates together with other exclusionary conduct), and synchronised perform (e.g., no poach enforcement amongst technology organizations). Professor Melamed will introduce the part of antitrust law and enforcement available of enterprise tee and cash up the problem of how your relationship in between the two can be improved.
Coffee Break
Panel 1: What talks about the Kill Zones?
Some concern that particular systems providers have formulated "kill zones," or sells in which commencing new corporations will no longer be advantageous. Panelists will discuss the different marketplace field and characteristics do that will give rise to kill areas, such as part of circle results, property or home rights, along with other obstacles to admittance. Panelists will talk about the negative aspects and pros of committing to predicted areas (e.g., 5G) and the way to anticipate when sells idea.
Moderator: DavidLawrence and Chief, Competition Policy And Advocacy Section, Antitrust Division, U.S. Department of Justice.
- Paul Companion, Creator and Arnold, Switch Ventures
- Roger McNamee, Co-Founder and Managing Director, Elevation Partners
- Ram Shriram, Managing Partner, Sherpalo Ventures LLC
- Ilya Strebulaev, David S. Lobel Professor of Private Equity and Professor of Finance, Stanford Graduate School of economic
- SusanCreator and Woodward, Sand Hill Econometrics
Afternoon Remarks
Dean Jonathan Levin, Stanford Graduate School of Business
Panel 2: Monetizing information
Panelists will discuss the position of data in technician areas, each as an effective entry obstacle in addition to a actually means to defend financial investment. They should explain how competition accumulate or accessibility data, the way they sell it, and whether data should be addressed in different ways off their funds-demanding entry investments. The board will likely home address the alternatives open to guard benefits when reassuring competitors (e.g., information transferability).
Moderator: Ryan Shores, Associate Deputy Attorney General and Senior Advisor for Technology Industries, U.S. Department of Justice
- Susan Athey, The Economics of Technology Professor Director, Golub Capital Social Impact Lab at Stanford GSB
- Greg Back, Managing Member, Free Sky Capital
- Ari Paparo, Co-Founder and CEO, Beeswax
- Kelland Reilly, Managing Director, General Atlantic
Panel 3: Making an investment in base-took over trading markets
Panelists will discuss the appropriate frameworks for examining online systems. For instance, panelist will disagreement regardless of whether online program benefits are exceptional from other systems to help with a separate systematic framework and the ways to stability the inherent market place power of the successful base with the chance of mistreatment. They can also talk about the benefits and drawbacks of creating in addition to upon an current foundation and approaches to make a profitable goods and services inside of a base took over sector.
Moderator: Karina Lubell, Attorney Advisor, Competition Policy & Advocacy Section, Antitrust Division, U.S. Department of Justice
Panelists:
- NickGrossman and Partner, Union Square Ventures
- Mark Lemley, Professor, Stanford Law School Partner, Durie Tangri LLP
- Patricia Nakache, General Partner, Trinity Ventures
- BenCreator and Thompson, Stratechery
Roundtable: What is the challenge and what is the alternative?
This roundtable will recap the talk from the members and workshop will provide side effects as to what was mentioned. Individuals the roundtable may also explain the opportunity of regulatory methods to tackle the fears showcased through the work shop as well as the benefits-either good and bad-of people regulatory options.
