High-Tech VCs Tell Congress They Oppose Protect IP Act

About 50 of some of tech's best-known venture capitalists, including Marc Andreessen, Fred Wilson, and Vinod Khosla, wrote an open letter to members of the U.S. Congress and outlined how the Protect IP Act would not only fail to achieve its goal of protecting intellectual property but would also "stifle investment in Internet services, throttle innovation, and hurt American competitiveness." The Protect IP Act would hand the U.S. Department of Justice the power to seek a court order against an allegedly infringing Web site.