DOJ Investigates Andreessen Horowitz Board Seats at Competing Companies

Source Summary

The Department of Justice has been investigating Andreessen Horowitz for nearly a year over board seat arrangements where two of the firm's partners—Ben Horowitz at Databricks and Martin Casado at Fivetran—sit on boards of companies that now compete with each other. The investigation invokes a 112-year-old antitrust law rarely used against venture capital firms. The companies were not necessarily direct competitors when a16z first invested.