U.S. Vice President Kamala Harris speaks at a campaign rally on the Georgia Reveal Convocation Heart in Atlanta on July 30, 2024.
Elijah Nouvelage | AFP | Getty Photos
After Donald Trump, the Republican nominee for president, won the vocal make stronger of a carve of the tech investing world, a trim neighborhood of challenge capitalists came collectively to support the different aspect.
Better than 100 VCs on Wednesday pledged their make stronger to Vice President Kamala Harris, the de facto Democratic nominee, as she ramps up her campaign to rob on Trump within the November election.
The neighborhood, calling itself VCs for Kamala, is made up of traders and entrepreneurs from hundreds of established and rising funds, and diversified demographic groups. It involves Vinod Khosla of Khosla Ventures, LinkedIn founder Reid Hoffman and Dallas Mavericks minority owner Brand Cuban, alongside with Aileen Lee, founder of Cowboy Ventures, and Rebecca Kaden, a associate at Union Sq. Ventures.
“We employ our days trying to search out, investing in and supporting entrepreneurs who are building the future,” the neighborhood said in its pledge. “We are professional-trade, professional-American dream, professional-entrepreneurship and professional-technological development. We additionally imagine in democracy as the backbone of our nation. We imagine that solid, trusty institutions are a feature, now not a computer virus, and that our trade — and each other trade — would collapse without them.”
The VCs for Kamala list highlights a deepening political divide in Silicon Valley and the broader tech trade. Tesla CEO Elon Musk has been outspoken in supporting Trump, publicly endorsing him moments after the assassination are attempting earlier this month, whereas VCs Marc Andreessen and Ben Horowitz now not too long within the past said they are backing Trump, arguing his insurance policies might possibly well well per chance be higher for “minute tech.”
Musk additionally reportedly plans to make a contribution thousands and thousands to a professional-Trump political action committee, referred to as The usa PAC, alongside with Sequoia Capital’s Shaun Maguire and 8VC’s Joe Lonsdale. Musk’s shut friend and dilapidated PayPal colleague David Sacks, co-founder at Craft Ventures, additionally vociferously supports Trump and spoke on the Republican National Convention earlier this month.
Hoffman, a longtime Democratic donor and associate at challenge company Greylock, shared a hyperlink to the professional-Harris pledge on X, the social media subject owned by Musk.
“Proud to signal the #vcsforkamala pledge,” Hoffman wrote. “It be an funding in our democratic future.”
Erika Lucas, Long-established Partner at VEST Her Ventures, wrote on LinkedIn that there had been “a form of ladies, particularly Sunless Ladies VCs,” on the aid of the pledge, adding “I’m proud to wait on and organize with them as successfully [as] our male colleagues. We perceive the assignment.”
The girl credited with starting VCs for Kamala is Leslie Feinzaig, founder of challenge fund Graham & Walker and the Female Founders Alliance. She wrote on LinkedIn that traders who signed the pledge support oversee bigger than $150 billion in sources below administration, and involves Democrats, moderates and independents.
“Silicon Valley energy gamers that have lost touch with the the relaxation of us, originate now not discuss for all of us,” she wrote.
The Democratic National Convention is scheduled to occur in Chicago starting Aug. 19.
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