Gurley shows Telecom Act of 1996 increased top four market share from 48% to 85%, opposite of stated goal.
“In 1996, the top four had 48 market share. Four, five years later, after this heralded legislation, they're up to 85%. That didn't work.”
Gurley shows telecom regulation killed innovation: VC investment dropped from 15% of total to below 1% in ten years.
“This used to be 15% of what VCs did. Within ten years, it had gone below 1%, and a year later, the MVCA stopped tracking it.”