The a16z Show · Monday, July 27, 2026
Steven Sinofsky touches upon the concept of 'regulatory capture,' where industries influence the regulations governing them. He notes that while companies often present self-serving reasons for specific regulations, this dynamic has been a historical feature of government-industry relations.
“And in fact, everybody knew that's what was happening. And that's called regulatory capture.”
“That they know the companies are saying, do this thing because it's good for everybody. They always have good reasons.”
“They always say, oh, the products will be better, or the price will be lower, or there'll be much clearer lines of service and the marketplace will be more fair.”