Start ups are the lifeblood of innovation in the United States. Venture capital funded start ups disproportionately produce tech innovation. Yet, the proposed Senate American Innovation and Choice Online Act (AICOA), which once again was the subject of Senate hearings and focuses on “self preferencing” by large tech firms, may have negative unintended consequences regarding tech acquisitions by companies covered by the bill and companies that may be covered in the future. These consequences include a reduction of exit opportunities for tech founders and venture capitalists to cash out in successful exits. This would hurt American innovation exactly at a time when we need innovation to sol
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