Venture capital is a $234 billion industry in the U.S. and $709 billion globally. The massive sector is celebrated for shepherding in tech giants like Meta and Amazon. But new research suggests that some of the biggest Silicon Valley darlings like Uber succeeded because of an illegal pricing strategy that is creating perverse incentives and stifling innovation.

Professor Matthew Wansley was quoted in "The $234 Billion Venture Capital Sector Sometimes Uses an Illegal Pricing Strategy, New Research Suggests—but It’s Killing Innovation, Too" by Paige Hagy.