Yet ONE MORE Example of Why Jeff Bezos is a Crony Capitalist

Wall Street Journal quoted in POLITICO's Playbook:

“When Amazon.com Inc.’s venture-capital fund invested in DefinedCrowd Corp., it gained access to the technology startup’s finances and other confidential information.
“Nearly four years later, in April, Amazon’s cloud-computing unit launched an artificial-intelligence product that does almost exactly what DefinedCrowd does, said DefinedCrowd founder and Chief Executive Daniela Braga. The new offering from Amazon Web Services, called A2I, competes directly ‘with one of our bread-and-butter foundational products’ that collects and labels data, said Ms. Braga. After seeing the A2I announcement, Ms. Braga limited the Amazon fund’s access to her company’s data and diluted its stake by 90% by raising more capital.
“Ms. Braga is one of more than two dozen entrepreneurs, investors and deal advisers interviewed by The Wall Street Journal who said Amazon appeared to use the investment and deal-making process to help develop competing products.”

https://www.politico.com/newsletters/playbook/2020/07/24/reopen-schools-but-no-gop-convention-489877