The Justice Department is investigating venture capital firm Andreessen Horowitz for potential antitrust violations regarding its board members.
The Justice Department is investigating venture capital firm Andreessen Horowitz for potential antitrust violations, according to a report by Bloomberg. The probe centers on whether partners Ben Horowitz and Martin Casado are improperly serving on the boards of competing data companies, Databricks Inc. and Fivetran Inc. Federal antitrust law generally prohibits 'interlocking directorates,' where a single person serves on multiple competing boards. The administration announced that the Justice Department will continue to prioritize affordability for all Americans across the economy. This investigation is notable because Marc Andreessen, a billionaire cofounder of the firm, is a key financial supporter and adviser to President Trump. The firm has been a major donor and has endorsed Trump in the<image|>2024 election. While the Justice Department has not confirmed the status of the probe, the firm has more than $100 billion under management. The investigation follows a period of which the administration has been scrutinized for showing leniency to allies while pursuing critics.
Sources
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Axios
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Andreessen Horowitz Focus of DOJ Antitrust Probe Over Databricks, Fivetran Board Seats
The Information