With the path to an exit already so thin, venture capital investors are pooling their collective weight to publicly condemn the Federal Trade Commission and try to protect one of the only clear paths to exit they have right now: M&A.
Yesterday, 27 venture capital firms—including Kholsa Ventures, NEA, Tiger Global, M12 and NFX—signed a statement of support to an amicus brief a handful of VC firms had filed in court earlier this year regarding the federal agency’s continuous efforts to block the Microsoft-Activision Blizzard deal. In the statement, the VC firms argued that the FTC’s strategy as it appeals a judge’s decision this summer would harm the broader ecosystem.
