The DOJ is investigating Andreessen Horowitz over competing board seats
The US Justice Department is investigating Andreessen Horowitz. At issue is whether partners at the venture capital firm improperly sit on the boards of competing artificial intelligence companies. Bloomberg reported the investigation on Monday, citing people familiar with the matter.
Those sources put the investigation at nearly a year old. Monday’s story is the first public account of the Andreessen Horowitz DOJ probe. The department has made no final decision, the sources said, and the matter could end with no action.
The companies and the board seats
Two portfolio companies sit at the centre of it. Both sell software that helps businesses collect, organise, and analyse large volumes of data.
Ben Horowitz co-founded Andreessen Horowitz. He sits on the board of Databricks. Martin Casado, a partner at the firm, sits on the board of Fivetran. The firm backs both companies.
Casado also held a board seat at dbt Labs. Fivetran...
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