Hoffman: FTC Chair Lina Khan's tech M&A crackdown concentrates Big Tech power
Reid Hoffman · Reid Hoffman: Why The AI Investment Will Pay Off · Jan 29, 2025 · at 41:17
Reid Hoffman (Greylock partner, LinkedIn co-founder) critiques FTC Chair Lina Khan's antitrust enforcement strategy regarding startup acquisitions.
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“You know, she misunderstands, like, kind of the role of how to stop the aggregation of power in large tech companies, because she says, well, if she stops large tech companies from buying small startups, what that means is venture capitalists, like myself, and this was made entirely as a venture capitalist statement, don't invest major dollars in companies that might be end up competing with large tech companies, because you need, as we were talking about OpenAI, You need to have that one X possibility of getting back to make major dollars. So as opposed to stopping the aggregation of major tech power by slowing down all this M&A, actually, in fact, that policy will actually, in fact, aggregate power in the large tech by having less startup competition.”
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