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The DOJ is investigating a16z. What does this mean for venture capital?
This is the real story: a century-old interlocking directorates statute getting dusted off against a top-tier VC firm's board practices, not just a Databricks-Fivetran spat. If the DOJ wins or even extracts a settlement, every large fund with multiple board seats in adjacent categories needs to audit its portfolio construction and board-seat policies now, not after a subpoena arrives.