TLDR:
- Marc Andreessen and Ben Horowitz plan to back Trump’s re-election campaign through political action committees.
- They support Trump because he does not plan to heavily regulate cryptocurrency, a field they have invested in.
According to a report by The Information, Marc Andreessen and Ben Horowitz, prominent figures in Silicon Valley, intend to make substantial donations to political action committees supporting Trump’s re-election. Their venture capital firm, Andreessen Horowitz, known as a16z, has supported companies like SpaceX and OpenAI with a focus on technology-driven entrepreneurship.
The reason behind their decision to support Trump, as revealed to employees, is his stance on cryptocurrency. Andreessen and Horowitz have invested over $30 million in this area through super PACS, and they see Trump’s lack of heavy regulation in this field as a positive factor in their support.
Ben Horowitz articulated their position by stating, “We are non-partisan, one issue voters: If a candidate supports an optimistic technology-enabled future, we are for them. If they want to choke off important technologies, we are against them.” This approach highlights their alignment with candidates who foster a tech-friendly environment.
