DOJ applies 1914 interlocking-directorship law to venture capital board seats

The DOJ's near year-long probe into Andreessen Horowitz invokes Section 8 of the Clayton Act, which bars directors from serving on boards of competing companies. Ben Horowitz sits on Databricks' board ($190B valuation); Martin Casado sits on Fivetran's. Databricks expanded into data pipelines — Fivetran's core market. The statute is structural: no collusion need be proven. VC firms routinely hold overlapping board seats, and most lack formal Section 8 compliance. Worth flagging: a formal action here could trigger industry-wide board audits.