By banning acquisitions of many venture-backed companies, the Platform Competition and Opportunity Act would be a “major disincentive to entrepreneurship,” says the National Venture Capital Association (NVCA) in their statement against the bill. NVCA President and CEO Bobby Franklin explains: “Startups are the source of American innovation. Instead of embracing this activity, this bill discourages […]
Start-up acquisitions play an increasingly important role for innovators and consumers alike. In fact, more than half of US startups strive towards acquisition as their long-term goal. Fitbit is no exception. The company was looking to be acquired after struggling to maintain its foothold in the highly competitive wearables market currently dominated by Apple. Google’s […]
Mergers and acquisitions are a catalyst for economic activity and wellbeing in the U.S.—benefiting consumers, workers, and businesses. For consumers and workers, M&A protects jobs and leads to improved products and reduced costs. For businesses, M&A provides an exit strategy and incentive to innovate. — Mergers and acquisitions spark innovation, leading to better and cheaper […]
Hostility to innovation and technology diminishes the incredible Internet-enabled opportunities that leading tech services provide: empowering consumers, driving prices down and increasing choice, and providing platforms to help entrepreneurs grow their businesses. It has given us a golden era of entertainment, knowledge, and everything from fashion startups, to booming mom and pop stores, to the latest app.
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