DOJ investigating Andreessen Horowitz's board seats

The Department of Justice is investigating Andreessen Horowitz's practice of having two partners serve on the boards of competing companies—Ben Horowitz at Databricks and Martin Casado at Fivetran. The DOJ has been examining this arrangement for nearly a year under a 112-year-old antitrust law that is rarely applied to venture capital firms. While board conflicts are not uncommon in the industry, the investigation suggests potential concerns about competitive conflicts of interest.