> it would seem regulatory issues would start to scare away investment In certain narrow cases maybe, where you really want the monopoly-holder to buy the star

> it would seem regulatory issues would start to scare away investment In certain narrow cases maybe, where you really want the monopoly-holder to buy the startup. But overall this is better for VCs because competition breeds both investment and acquisition opportunities. In most cases 3 big competitors seeking to acquire your startup is better than 1 big monopoly seeking to acquire your startup.