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Anytime a bunch of people who sit on the same side of the table, economically speaking, get together, even socially, it's some flavor of collusion. Just formin
by kemiller 16y ago
Anytime a bunch of people who sit on the same side of the table, economically speaking, get together, even socially, it's some flavor of collusion. Just forming social ties with people you should be in competition with is a little suspect. That doesn't automatically mean it's cartel-building, but it's not good news for the rest of us.
That said, is this a surprise to anyone? VCs are already groupthink-y enough. It is the natural behavior of oligopolies (de facto or otherwise) to seek to erect barriers to entry, and fix prices. We here operate in a sector that is still so wildly dynamic that we have better tools for breaking through that than begging the governmental leviathan to do it for us. We're faster, and can hit harder.