Interview, Podcast
a16z Podcast | Innovation and Regulation -- What Happens When Policy Lags Behind Technology?
- Spectrum reversal and forward auctions are anticipated for the first quarter of 2016, potentially generating between $35 and $70 billion for taxpayers to fully fund an interoperable public safety broadband network via AWS3 sales.
- Imposing legacy telephone monopoly regulations on the Internet is expected to stifle innovation, potentially preventing unquantified future developments by discouraging entrepreneur participation in regulated sectors.
- Passage of the 21st Century Cures Act is expected to occur soon in the Senate to prevent NIH funding delays, with continued inaction projected to slow research grant approvals daily.
- Streamlined regulatory approval processes under the new legislation are projected to lower costs for patients, facilitate the use of patient genomic data for disease combat, and enable faster discovery of cures for conditions such as breast cancer and cystic fibrosis.
- Expedited domestic approval processes are expected to reverse current trends, causing venture capital investment to shift from overseas markets back to the United States.