JD Vance, Republican Vice Presidential candidate and former venture capitalist, critiques FTC Chair Lina Khan's approach to mergers and acquisitions at the All-In Summit 2024.
“Where I think Lena Kahn goes wrong is that you're exactly right. Like, you need the singles and doubles. You need sometimes a medium-sized company to buy a smaller company for three hundred million dollars, right? That liquidates founders. That gives the venture fund some money to go back into the system. And I think that, you know, I don't know her super well, but my basic read on Lena Is that she is so anti-monopoly as sort of a baseline bias, and anti, that becomes anti-merger and acquisition as a baseline bias, that Google buying YouTube is a much, much different thing from a two billion dollar market cap healthcare company buying a five hundred million dollar market cap healthcare company, and I think that we have to sort of draw a very big distinction between little tech and big tech”
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