July 17th, 2024

Co-founders of Silicon Valley venture capital firm back Trump's presidential bid

Ben Horowitz and Marc Andreessen of A16Z publicly support Trump's re-election, citing his cryptocurrency stance. They donated $24 million to endorse him, aligning with their tech-driven vision amid growing tech sector Trump support.

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Co-founders of Silicon Valley venture capital firm back Trump's presidential bid

Ben Horowitz and Marc Andreessen, co-founders of Silicon Valley's prominent venture capital firm A16Z, have publicly announced their support for Donald Trump's re-election campaign. They plan to make significant donations to further endorse his bid. The duo, known for their advocacy in the tech industry, highlighted Trump's backing of cryptocurrencies as a key reason for their support. While they previously refrained from actively endorsing candidates, they now firmly stand behind Trump, citing his alignment with their vision for a technology-driven future. Horowitz and Andreessen have already contributed over $24 million to the election, with a focus on supporting candidates who align with their views on cryptocurrency. Their stance reflects a growing trend in the tech sector where support for Trump is gaining traction, particularly among those concerned about government regulations and policies impacting innovation. The pair's endorsement adds to the evolving landscape of tech leaders engaging in political discourse and backing candidates based on their stance on technology-related issues.

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By @uberman - 4 months
I wonder how they feel now after the market smackdown following Trump's statements on Taiwan.