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July 18, 2018 04:40 pm

Why Startups Aren't Pushing the Feds To Break Up Big Tech

An anonymous reader shares a report: Today's tech startups have largely stayed out of the debate over whether antitrust law should be used to humble -- and possibly break up -- giants like Facebook, Google and Amazon. Startups are often in position to lead the antitrust charge against major competitors. But entrepreneurs face a dilemma: If they go running to regulators, they have to admit they're in danger and tick off a powerful player in their world. If they do nothing, they risk bleeding out. [...] Tech giants have immense leverage over startups. "The tech hypercaps have never been more powerful relative to startups, including Microsoft in the '90s," said Sam Altman, the president of startup accelerator Y Combinator. "[T]he resources are so mismatched it's an unfair fight." Startups (or larger competitors) can confidentially press their case before staff members at the Department of Justice or the Federal Trade Commission, or the startups can go public with their concerns. With the exception of Yelp, there are no major startups in the U.S. that have turned to regulators to take on today's biggest companies, like Facebook, Amazon, or Google. [...] Why startups don't lodge antitrust complaints: "Running a startup, running a growth company there's so many things to do, and every hour is precious," said Albert Wenger, a managing partner at Union Square Ventures.

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