Even the Smartest VCs Sometimes Get it Wrong – Bill Gurley and Regulated Markets
Steve Blank
NOVEMBER 7, 2023
Rent-seeking lobbyists go directly to legislative bodies (Congress, State Legislatures, City Councils) to persuade government officials and their staff to enact laws and regulations in exchange for campaign contributions , appeasing influential voting blocks, or the “ revolving door” – offering officials future jobs in the industry they regulated.
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