This week, companies from around the world are virtually participating in the 2021 South by Southwest. Start-up and emerging companies not only want to tell the world about their innovative products, but they want to impress would-be investors who might fund their growth.
But there is a new threat to the start-up ecosystem. Recently Senator Amy Klobuchar (D-MN) introduced a bill that would weaponize antitrust law against big companies, thereby creating tremendous disincentives for large companies to acquire other companies, including pre-revenue start-ups and emerging enterprises. The bill may sound like it helps small businesses at the expense of big companies. However, the unintended consequence is that the bill would make it more difficult for early-stage companies to attract necessary growth capital.
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