Public Workshop On Venture Capital And Antitrust
The Department of Justice and Stanford University holds a general public work shop on Feb. , nexea to discover the intersection among business capital and antitrust legislation.12 and 2020 The whole-moment workshop will discuss fads in project capital financial investment from your 1990s through show, using a center on what antitrust enforcers can gain knowledge from purchasers about how to detect nascent competitors in areas covered with systems networks. The workshop may also handle offered ways to questions that very competitive options to the marketplace-primary websites usually are not interesting financial investment prospects.
The Justice Department’s Antitrust Division along with the Stanford Graduate School of Business will co-hold the workshop, that can gather project capitalists, academics from both equally enterprise and law, together with other technician marketplace stakeholders. The Antitrust Stanford and Section mean to examine the helpful considerations that ahead of time phase shareholders facial area when establishing the danger of purchasing a get out of and start up tactics.
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
Spot and Day
Public Comment Submissions
Workshop Agenda
Registration
The workshop is available and cost-free for the open public and will transpire at Paul Brest Hall, 555 Salvatierra Walk, Stanford University, from 9 a.m. Pacific Enough time to 5 p.m. Pacific Time. A taking with the work shop will probably be on the Division’s web-site. People in the hit also ought to replicate Alexei.Woltornist@usdoj.gov on their sign up email. Seating will likely be over a 1st-can come, initially-dished up period.
Register thru Stanford Law School.
Note: Reasonable lodgings for people with disabilities are offered on require. If you require an accommodation, make sure you get in touch with the Antitrust Division at ATR.VCworkshop@usdoj.gov. Such requests ought to include a detailed information from the lodging essential and a method to call you whenever we need more information.
Location and Time frame
Date:
February 12, 2020
9: 00 a.m. - 5: 00 p.m. PST
Location:
Public Comment Submissions
The Department of Justice invites responses from your general public about the matters included in this workshop. Interested functions can send community remarks on-line now by means of March 14, 2020 at ATR.VCworkshop@usdoj.gov.
discretion and Level of privacy: Written distribution and also the individuality on the submitter could bereproduced and disclosed, and spread by newsletter and publishing in the Department of Justice Web-site, for the discretion from the Department of Justice. Information that is published in relationship with this work shop cannot be managed as confidential through the Department of Justice. Written submissions ought not contain any data which the distributing particular person intends to maintain as non-public or confidential.
Workshop Agenda
View training video from the Opening Remarks
View video clip of Fireside Chat
View training video of Antitrust for VCs
View video recording of Panel 1
View movie of Afternoon Remarks
View video recording of Panel 2
View video clip of Panel 3
View video recording of Roundtable
View online video of Closing Remarks
View Transcript
Opening Remarks
Makan Delrahim, Assistant Attorney General, Antitrust Division, U.S. Department of Justice
Fireside Talk with Michael Moritz: Trends in VC Investment: How do we receive in this article?
Michael Moritz, a partner at Sequoia Capital, will talk about developments in get started-up investment in the 1990s through the existing with Professor Joseph Grundfest, the William A. Franke Professor of Organization and Laws at Stanford Law School. Mr. Moritz will share anecdotes about beginning VC investment and explore what things can be acquired from their store. Topics also can add a debate of ahead of time market and regulatory complications as well as how a purchase 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, will give a summary of antitrust law and enforcement as it could relate to venture capital investment. Professor Melamed will discuss the actual parts of merging critique, as well as suitable recently available mergers in connection with the computer marketplace and nascent competition. He will likely identify the two unilateral actions (i.e., tying, exceptional coping, predatory rates as well as other exclusionary execute), and synchronised conduct (e.g., no poach enforcement amongst technician corporations). Professor Melamed will bring in the function of antitrust enforcement and regulation in the industry of venture money and tee within the issue of how the partnership between the two may be improved upon.
Coffee Break
Panel 1: What talks about the Kill Zones?
Some dread that certain technologies businesses have created "kill zones," or market segments during which setting up new businesses has stopped being beneficial. Panelists will discuss the different industry qualities and business carry out which may play a role in eliminate areas, such as function of community outcomes, residence proper rights, as well as other obstacles to admission. Panelists will talk about the pluses and minuses of paying for awaited markets (e.g., 5G) and how to forecast when market segments suggestion.
Moderator: DavidLawrence and Chief, Competition Policy And Advocacy Section, Antitrust Division, U.S. Department of Justice.
- Paul Spouse, Founder 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
- SusanFounder and Woodward, Sand Hill Econometrics
Afternoon Remarks
Dean Jonathan Levin, Stanford Graduate School of economic
Panel 2: Monetizing data
Panelists will talk about the part of web data in computer trading markets, both equally as an effective admission buffer as well as a method to guard investment decision. They will identify how rivals obtain or easy access data, the direction they market it, and whether or nexea not data must be cared for diversely utilizing budget-demanding entrance investment strategies. The solar panel can even deal with the options offered to protect incentives while reassuring competitors (e.g., details convenience).
Moderator: NEXEA 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 Nexea (Https://bit.ly) Reilly, Managing Director, General Atlantic
Panel 3: Committing to platform-dominated areas
Panelists will talk about the proper frameworks for evaluating online websites. Such as, panelist will disagreement regardless of whether online world system incentives are exclusive off their networks to assist a different analytic framework and ways to stabilize the built in market energy of the useful program with the potential of abuse. They will likely also examine the pros and cons of creating together with on an present software and nexea the way develop a successful service or product within a base took over sector.
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
- BenCreator and Thompson, Stratechery
Roundtable: Is there a problem and do you know the remedy?
This roundtable will recap the discussion from the individuals and work shop will give reactions to what was reviewed. People in the roundtable will even explain the potential for regulatory strategies to street address the issues highlighted in the work shop and also the influences-both bad and positive-of those regulatory alternatives.
