Venture capitalists favor open-Internet principles

Well-known venture capital investors from Silicon Valley sent a letter to the FCC in support of net neutrality regulations. The letter isn't surprising, as a good number of VCs from the left coast have been in favor of the Obama administration's technology priorities.

The signers of the letter include John Doerr of Kleiner Perkins, Tim Draper of Draper Fisher Jurvetson, Mario Marino of General Atlantic (who was also a prominent figure in the Washington tech scene during the go-go days of the Internet bubble), and Michael Moritz of Sequoia Capital.

In the letter, the investors argue that "open markets for Internet content will drive investment, entrepreneurship and innovation." Net neutrality opponents say regulation will hinder those things.