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A Venture Capital firm says techies need to get along with government:
From Airbnb to Uber, some of Silicon Valley’s most successful companies have been fighting regulators since their inception. Now, one of the tech industry’s most respected venture capital firms wants to help both sides of the battle make nice with each other.
Andreessen Horowitz announced today that it’s launching a new policy and regulatory affairs unit, and that it has appointed Ted Ullyot, Facebook’s former general counsel, to lead the shop. Ullyot, who worked at both the White House and the Department of Justice before coming to the Valley, will be tasked with helping the firm’s portfolio companies see eye to eye with the government regulators with whom they’re increasingly butting heads.
Well, what do techies say, agree with the VC or string them up by their toes and poke them with sticks? Inquiring minds want to know...
(Score: 4, Insightful) by Daiv on Friday April 17 2015, @02:06PM
The point of most VC's is to get a huge return on their "investment", ideally asap. Of course they wouldn't want their investments spending money on things like lawsuits or just challenging laws. Hell, I'm sure the VCs would love for their investments to accept payola to allow government backdoor access.