DOJ probes VC board overlaps under century-old antitrust law

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