The Department of Justice and Stanford University will hold a general population work shop on Feb. , to discover the intersection in between endeavor capital and antitrust regulations.12 and 2020 The whole-time work shop will talk about fads in enterprise budget investment decision in the 1990s through present, using a give attention to what antitrust enforcers can study from shareholders on how to detect nascent opposition in market segments covered with systems networks. The work shop will likely street address proposed answers to problems that competing alternatives to the market-main programs will not be beautiful purchase prospects.
The Justice Department’s Antitrust Division as well as the Stanford Graduate School of Business will co-host the workshop, that could bring together venture capitalists, academics from equally law and business, and also other computer field stakeholders. The Antitrust Stanford and Division mean to explore the useful considerations that beginning step brokers deal with when calculating the hazards of buying a start up and exit 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
Area and Day
Public Comment Submissions
Workshop Agenda
Registration
The work shop is wide open and no cost to the open public and may take place at Paul Brest Hall, 555 Salvatierra Walk, Stanford University, from 9 a.m. Pacific A chance to 5 p.m. Pacific Time. A taking on the workshop will probably be available on the Division’s web site. Members of the push also really should copy Alexei.Woltornist@usdoj.gov on his or her signing up email message. Seating is going to be at a first-can come, very first-dished up basis.
Register via Stanford Law School.
Note: Reasonable lodging for people with impairments can be purchased when require. Should you need this type of hotel, make sure you make contact with the Antitrust Division at ATR.VCworkshop@usdoj.gov. Whenever we need more facts.
, such requests should include a detailed description of the accommodations needed and a way to contact you>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 responses through the consumer over the topics included in this workshop. Interested functions may possibly present general public feedback internet now via March 14, 2020 at ATR.VCworkshop@usdoj.gov.
secrecy and Comfort: Written distribution and also the id on the submitter could possibly bereproduced and revealed, and sent out by publication or putting up about the Department of Justice Web site, for vc funding the attention in the Department of Justice. Information that may be provided in connection with this work shop can not be managed as personal from the Department of Justice. Written submissions must not include any information and facts that this sending particular person looks for to conserve as non-public or personal.
Workshop Agenda
View video of the Opening Remarks
View video of Fireside Chat
View video of Antitrust for VCs
View movie of Panel 1
View video clip of Afternoon Remarks
View video of Panel 2
View training video of Panel 3
View movie of Roundtable
View video clip 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 do we have below?
Michael Moritz, someone at Sequoia Capital, will discuss fads in start-up expenditure from your 1990s via the provide with Professor Joseph Grundfest, the William A. Franke Professor of Law and Business at Stanford Law School. Mr. Moritz will write about anecdotes about beginning vc funding purchase and speak about exactly what can be discovered from them. Topics may also will include a dialogue of ahead of time field and regulatory difficulties and ways in which an investment area overcame them.
Antitrust for VCs: A Discussion with Stanford Law Professor Doug Melamed
Doug Melamed, Professor of the technique of Law at Stanford Law School, can give an introduction to antitrust enforcement and rules as it may connect with enterprise budget investment decision. Professor Melamed will discuss the actual parts of merging overview, such as relevant recent mergers connected with the technology sector and nascent opposition. He will illustrate both unilateral conduct (i.e., tying, unique dealing, predatory pricing and also other exclusionary actions), and synchronised actions (e.g., no poach enforcement among technological companies). Professor Melamed will create the job of antitrust enforcement and rules in the market of project tee and budget in the query of methods the connection relating to the two may be advanced.
Coffee Break
Panel 1: What clearly shows the Kill Zones?
Some panic that certain technologies businesses have created "kill areas," or markets through which beginning new companies no longer is advantageous. Panelists will talk about the numerous sector sector and qualities carry out that could promote get rid of zones, such as the job of system benefits, property or home protection under the law, and various other barriers to admittance. Panelists will discuss the downsides and experts of committing to anticipated areas (e.g., 5G) and approaches to estimate when areas suggestion.
Moderator: DavidLawrence and Chief, Competition Policy & Advocacy Section, Antitrust Division, U.S. Department of Justice.
- Paul Arnold, Founder and Partner, 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 Professor and Equity of Finance, Stanford Graduate School of Business
- SusanWoodward and Founder, Sand Hill Econometrics
Afternoon Remarks
Dean Jonathan Levin, Stanford Graduate School of Business
Panel 2: Monetizing records
Panelists will talk about the role of data in technical marketplaces, the two as a good admittance buffer along with a ways to protect purchase. They should illustrate how competition gather or access data, the direction they sell it, and no matter if data really should be taken care of uniquely from other funds-intensive admittance ventures. The panel will likely home address the specifications accessible to defend bonuses when pushing competition (e.g., records mobility).
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: Paying for base-ruled trading markets
Panelists will discuss the ideal frameworks for examining internet platforms. By way of example, panelist will disagreement whether or not web foundation benefits are one of a kind off their websites to compliment an independent analytical structure and the way to stability the inherent sector ability connected with an reliable base with the potential of abuse. They will likely also discuss the negative aspects and professionals of creating along with upon an present platform and approaches to make a prosperous product or service within a foundation dominated market.
Moderator: Karina Lubell, Attorney Advisor, Competition Policy & Advocacy Section, Antitrust Division, U.S. Department of Justice
Panelists:
- NickCompanion and vc Funding Grossman, Union Square Ventures
- Mark Lemley, Professor, Stanford Law School Partner, Durie Tangri LLP
- Patricia Nakache, General Partner, Trinity Ventures
- BenFounder and Thompson, Stratechery
Roundtable: Is there a dilemma and just what is the choice?
This roundtable will recap the conversation through the participants and workshop will give you side effects as to what was reviewed. Individuals the roundtable may also discuss the chance of regulatory strategies to handle the problems outlined through the work shop along with the consequences-the two bad and beneficial-of these regulatory solutions.
