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Key FactsSilicon Valley leaders increasingly back Trump
Jul 23, 2024 · Reading time: ~45 sec.
Summary created with AI assistance · Source: foxbusiness.com
Summary created with AI assistance · Source: foxbusiness.com
- Prominent supporters of Donald Trump include Elon Musk, Joe Lonsdale, David Sacks, Ben Horowitz, Marc Andreessen, and Tyler and Cameron Winklevoss.
- The Trump-supporting super PAC America Pac has raised about $8.75 million since its June launch, according to election filings, including several donations of $1 million each from tech leaders.
- Sarah Bryner of OpenSecrets said support from some billionaires and CEOs does not demonstrate a political shift across the industry because Silicon Valley employees still generally lean Democratic.
- Ben Horowitz and Marc Andreessen said in a podcast that their support rested on Trump's positions on cryptocurrency, taxes, and other technology issues, while Andreessen identified Biden's plan to tax unrealized gains as a decisive trigger.
This makes startups completely implausible, because why on Earth is anybody going to go do this instead of going to work for Google and getting paid a lot of money every year in cash?— Marc Andreessen, co-founder of Andreessen Horowitz, in a discussion about Trump and tech policy; referring to Biden's plan to tax unrealized gains as ordinary income.
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