40 top venture capital firms sent a scathing warning in the form of a letter on Thursday addressing a bill that was recently passed in the Senate regarding Internet piracy and counterfeit goods.
Senator from Oregon (D) Ron Wyden immediately put a hold on the bill and similar legislation has not been introduced in the house.
The bill will remain in a sort of congressional limbo, but it is so destructive to future investment in innovative Internet startups that top tier VCs felt the need to speak out with one voice in opposition to the very concept of such overreaching legislation.
To read the full, original article click on this link: Top VCs Say Boo To Proposed Internet Regulation | WiredVC | Venture Capital and Funding News
Author:Joseph Wise
