EL SEGUNDO, Calif. — It's the latest bloc to emerge in support of Kamala Harris, and it's a biggie. More than 100 venture capitalists have pledged to back the likely Democratic presidential nominee Wednesday.
On the website vcsforkamala.org, heavy hitters such as Mark Cuban, LinkedIn co-founder Reid Hoffman and Vinod Khosla of Khosla Ventures note that they spend their time seeking and investing in entrepreneurs who are building the future. They add that they believe democratic institutions are (in a phrase much beloved by Silicon Valley) "a feature, not a bug." In that vein, they call on others to join their cause and donate in support of Harris.
The new initiative provides an interesting twist to an ongoing political debate in the nation's tech hub. Many so-called tech bros have thrown their weight behind former president Donald Trump. In fact, pundits say it was the pressure campaign from the likes of Pay Pal co-founder Peter Thiel, tech entrepreneur David Sacks and Jacob Helberg (an adviser to Palantir Technologies) which convinced the Republican nominee to pick Ohio Sen. J.D. Vance as his running mate.
Vance worked with Thiel and has strong ties to the tech community. And many within Silicon Valley believe that he's their best bet at promoting the "move fast and break things" mentality within the White House. "WE HAVE A FORMER TECH VC IN THE WHITE HOUSE," wrote one partner at a venture capital fund upon learning of Vance's nomination.
Giants within this powerful domain, including Elon Musk, Marc Andreessen and Ben Horowitz, have publicly backed the Trump-Vance campaign. And given Musk now owns the social media platform known as X, that support carries a tremendous amount of influence.
Much of the split derives from the impact that the next president could have on the tech industry. Supporters of the right often believe that a Trump presidency would mean less regulation and therefore bigger profits. Meanwhile, those backing Harris believe a stable democracy is a better bet, not just for technology, but for all industries. They also see California's former attorney general as a disruptor in her own right.
"Kamala Harris is an archetypical innovator," noted a group called tech4kamala in a recent open letter. "She has shown time and again that she has the grit, grace, vision and values to deliver for the American people."
In a race where viral memes seem to have more influence than traditional paid advertising, this battle of beliefs in Silicon Valley is definitely one to watch.