TLDR:
- Former Chief Investment Officer for George Soros reveals new generation of venture capitalists warming up to Donald Trump.
- Influential investor Scott Bessent speaks out on why Silicon Valley capitalists are supporting Trump.
Ex-Soros executive reveals why more Silicon Valley venture capitalists think ‘it’s okay to support Donald Trump’ now
A former chief investment officer for George Soros, Scott Bessent, is gaining attention recently for his views on the changing landscape of venture capitalists’ support for Donald Trump. Bessent, who is now the CEO and chief investment officer for investment firm Key Square Group, has been vocal about the shifting attitudes towards the former president.
Bessent highlighted a new cohort of venture capitalists in Silicon Valley who are embracing Trump, a departure from the traditional political leanings of the tech industry. He noted that the support for Trump is growing among this new group, signaling a shift in the political dynamics within the tech investment sector.
During a recent Manhattan Institute Conference, Bessent expressed his views on the emerging trend, pointing out the increasing presence of pro-Trump sentiment among investors, especially in Silicon Valley. He mentioned that there is a growing acceptance of Republican ideologies and support for Trump in the tech industry, which was previously rare.
Bessent also highlighted concerns among investors about issues like “pervasive antisemitism” in the Democratic Party and an “anti-Biden sentiment” that is driving the shift towards supporting Trump. He criticized the Biden administration’s spending priorities, inflation, and economic policies, pointing to concerns among investors and the general public.
Overall, Bessent’s insights shed light on the evolving attitudes towards political support in the venture capitalist world, particularly in Silicon Valley, where a new generation of investors is redefining the landscape.
