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THE ENTREPRENEURS BEHIND THE ENTREPRENEURS
U.S. CHINA INDIA ISRAEL
Julius Genachowski, Chairman Federal Communications Commission l2l Street, SW Washington, D.C. 20554
May 24, 2011
WT 11-65: In the Matter of applications ofAT&TInc. and Deutsche Telekom AGfor consent to assign or Transfer Control of licenses and Authorizations
Dear Chairman Genachowski: We enthusiastically support your policies that aim to free-up the spectrum necessary so all network providers can construct next-generation broadband networks. We believe that the combined spectrum positions and physical infrastructure of AT&T and T-Mobile will deploy a 4G LTE broadband service, that reaches 97% of the United States, in a far faster timeframe than either firm could achieve on its own. In our estimation, one of the greatest opportunities for future economic growth involves wireless broadband and mobile devices. The rise of smartphones like the iPhone and Android devices has created a powerful new computing platform on which many start-ups are being built. However, this growth opportunity faces a challenge with the looming prospect of “spectrum exhaust”. If overcrowded networks are unable to provide the bandwidth required, then millions-uponmillions of Americans will not enjoy the benefits of the exciting new ideas, devices and applications that are being developed by today’s start-ups and will be pursued by tomorrow’s innovators. We hope that you receive our collective voice on this important matter in proportion to the audience we represent. We’re in the business of financing and helping technology start-ups create new jobs, revive struggling communities and generate a substantial tax base. According to the National Venture Capital Association, each year, the small community of venture capital firms enable the start-ups they back to generate roughly $3 trillion in revenue, put more than 12 million people to work, and account for more than one-fifth of the total economy. From the microchip to the mainframe to the PC to the Internet to mobile computing, venture capital have been an integral part of an economic model that has stimulated growth time-and-time again.
3000 SAND HILL ROAD
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The technology start-ups we work with will be a key beneficiary of this more efficient and robust national wireless network. We are in favor of the Commission approving this transaction. Thank you for your consideration.
Jim General Partner on behalf of Sequoia Capital
CC: Commissioner Meredith Attwell Baker Commissioner Mignon Clybum Commissioner Michael Copps Commissioner Robert McDowell