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The DOJ is investigating a16z. What does this mean for venture capital?

TechCrunch AI Theresa Loconsolo, Anthony Ha, Kirsten Korosec, Sean O'Kane August 21, 2026
The DOJ is investigating a16z. What does this mean for venture capital?
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# DOJ Investigates Top Venture Capital Firm Over Potential Conflict of Interest The Department of Justice is investigating whether venture capital giant Andreessen Horowitz broke antitrust laws by having two partners sit on the boards of competing companies—similar to how it would be a problem if a board member of Coca-Cola also sat on Pepsi's board. The investigation signals that regulators are increasingly scrutinizing whether venture capital firms use their insider positions across multiple companies to gain unfair advantages in the market. This could reshape how venture capital operates if the DOJ decides the practice violates competition rules.

Andreessen Horowitz has two partners sitting on the boards of companies that now compete with each other: Ben Horowitz at Databricks and Martin Casado at Fivetran. Nothing too scandalous on the surface, except the Department of Justice has reportedly been investigating the arrangement for almost a y

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