Frustration with “Biden, Democrats and the state of the world has increasingly driven some of tech’s most prominent venture capitalists to the right,” The New York Times reportedyesterday.
- “I have — I’d say at this point — bigger disagreements with Biden than with Trump,” Sacks told Dan Primack last week at our dealmaker summit, Axios BFD: San Francisco.
- As Puck put it: “An election cycle ago, Silicon Valley Republicans had to go into witness protection to support Trump. Now … an influential cohort of billionaires and quasi-billionaires are getting ready to write checks for 45.”
The vast majority of Silicon Valley money is still with Biden and the Democrats. But taxes are a huge issue for the tech world.
Trump cut taxes when he was in office. Biden hasn’t raised taxes on the rich, but keeps saying he wants to.
Vance has long been close to Peter Thiel, a billionaire tech pioneer. But Vance also has built close relationships with other big Silicon Valley players.
- Vance introduced Sacks to his friend Donald Trump Jr. The three met in Washington after a dinner with Republican lawmakers on March 6 at the Conrad hotel.