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Tracy Barba, director of the Lucas Institute for Venture Ethics says the paired investments are a clear “conflict of interest” without historical precedent.

“Nobody’s telling them they can’t do this,” Barba says. “When there’s no regulation, no rules, and there’s no consequences or accountability, the only thing that is going to be driving their decision-making is internal revenue return.”

Tracy Barba, director, venture and equity ethics, quoted by Barron's.