The Department of Justice and Stanford University holds a public workshop on Feb. , to explore the intersection somewhere between venture funds and antitrust rules.12 and 2020 The total-morning work shop will talk about fads in project capital purchase from your 1990s by means of existing, using a target what antitrust enforcers can gain knowledge from brokers concerning how to determine nascent competitors in areas dominated by technology systems. The workshop will likely deal with offered answers to issues that competitive alternatives to industry-leading networks are not interesting expense business opportunities.
The Justice Department’s Antitrust Division as well as the Stanford Graduate School of Business will co-sponsor the workshop, that will bring together endeavor capitalists, academics from either regulation and business, as well as other technical market stakeholders. The Antitrust Division and Stanford mean to examine the realistic considerations that early period investors face when determining the danger of getting a new venture and exit techniques.
January 14, 2020
Press Release: Department of Justice Antitrust Division to Co-Host Workshop on Venture Capital Antitrust and Investment decision Law with Stanford University
In this article:
Registration
Date and Location
Public Comment Submissions
Workshop Agenda
Registration
The workshop is free of charge and start on the community and will come about at Paul Brest Hall, 555 Salvatierra Walk, Stanford University, from 9 a.m. Pacific Enough time to 5 p.m. Pacific Time. A capturing of the work shop will likely be located on the Division’s web-site. Members of the click also should backup Alexei.Woltornist@usdoj.gov with their subscription e-mail. Seating is going to be with a initially-come, initial-offered structure.
Register via Stanford Law School.
Note: Reasonable hotels for those who have issues can be found with obtain. When you need this kind of places to stay, make sure you call the Antitrust Division at ATR.VCworkshop@usdoj.gov. When we require more details.
, such requests should include a detailed description of the accommodations needed and a way to contact you>Site and Time
Date:
February 12, 2020
9: 00 a.m. - 5: 00 p.m. PST
Location:
Public Comment Submissions
The Department of Justice invites remarks coming from the consumer on the ideas insured by this workshop. Interested celebrations might present general public reviews on-line now by way of March 14, 2020 at ATR.VCworkshop@usdoj.gov.
discretion and Security: Written distribution and also the identification from the submitter might berevealed and reproduced, and handed out by distribution or putting up for the Department of Justice Internet site, at the discretion on the Department of Justice. Information which is posted in exposure to this work shop should not be taken care of as confidential with the Department of Justice. Written submissions should never contain any information and facts how the presenting individual seeks to sustain as private or vc funding confidential.
Workshop Agenda
View video recording with the Opening Remarks
View video of Fireside Chat
View online video of Antitrust for VCs
View movie of Panel 1
View movie of Afternoon Remarks
View training video of Panel 2
View video recording of Panel 3
View video 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 Speak to Michael Moritz: Trends in VC Investment: How did we obtain right here?
Michael Moritz, an associate at Sequoia Capital, will discuss developments in commence-up expenditure from the 1990s through the provide with Professor Joseph Grundfest, the William A. Franke Professor of Law and Business at Stanford Law School. Mr. Moritz will discuss anecdotes about beginning vc funding financial investment and discuss what can be acquired from their website. Topics may also add a topic of very early marketplace and regulatory complications and just how an investment group overcame them.
Antitrust for VCs: A Discussion with Stanford Law Professor Doug Melamed
Doug Melamed, Professor of the method of Law at Stanford Law School, gives an overview of antitrust enforcement and law as it could relate to business money investment decision. Professor Melamed will discuss the overall components of merger review, which includes relevant latest mergers in connection with the tech business and nascent rivalry. He will even discuss both unilateral carry out (i.e., tying, special doing business, predatory pricing together with other exclusionary execute), and coordinated conduct (e.g., no poach enforcement amongst technical corporations). Professor Melamed will present the position of antitrust enforcement and laws in the market of endeavor investment capital and tee the query of methods the connection between your two is often improved.
Coffee Break
Panel 1: What clarifies the Kill Zones?
Some panic that particular technology organizations have created "kill areas," or markets wherein starting off new companies is not really beneficial. Panelists will discuss the many sector sector and attributes perform that could lead to destroy areas, for example the position of community benefits, real estate protection under the law, and various other boundaries to access. Panelists will discuss the disadvantages and benefits of committing to expected sells (e.g., 5G) and ways to anticipate when market segments tip.
Moderator: DavidKey and Lawrence, Competition Policy & Advocacy Section, Antitrust Division, U.S. Department of Justice.
- Paul Arnold, Lover and Founder, 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 data
Panelists will talk about the purpose of data in technical markets, both as an effective entrance shield as well as a actually means to secure investment. They may identify how competition acquire or accessibility info, the way that they sell it, and vc Funding no matter if facts should be treated in different ways using their company budget-intense access investment opportunities. The panel will even deal with the options on the market to shield rewards even though stimulating competitors (e.g., info transportability).
Moderator: Ryan Shores, Associate Deputy Attorney General and Senior Advisor for Technology Industries, U.S. Department of Justice
- Susan Athey, vc funding The Economics of Technology Professor Director, Golub Capital Social Impact Lab at Stanford GSB
- Greg Back, Managing Member, Free Sky Capital
- Ari Paparo, vc funding Co-Founder and CEO, Beeswax
- Kelland Reilly, Managing Director, General Atlantic
Panel 3: Making an investment in software-taken over market segments
Panelists will talk about the proper frameworks for checking online world networks. Such as, panelist will debate whether or not online foundation bonuses are one of a kind utilizing programs to help with a separate systematic framework and the way to stabilize the natural marketplace strength of the efficient program with the chance of abuse. They may also speak about the downsides and professionals of creating over while on an present system and approaches to build a productive goods and services inside a platform ruled marketplace.
Moderator: Karina Lubell, Attorney Advisor, Competition Policy And 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
- BenThompson and Founder, Stratechery
Roundtable: What is the problem and what is the solution?
This roundtable will recap the dialogue coming from the workshop and contributors can provide reactions to what was outlined. Members of the roundtable will discuss the opportunity of regulatory answers to address the questions highlighted through the work shop plus the influences-either negative and positive-of the regulatory alternatives.
