TLDR:
Ben Horowitz and Marc Andreessen, co-founders of Silicon Valley venture capital firm A16Z, have announced their support for Donald Trump’s re-election bid and plan to make substantial donations to back him further. They argue that Trump is a better choice for the tech industry and express concerns about over-regulation, particularly of cryptocurrencies.
The co-founders of Silicon Valley’s most prominent venture capital firm have announced their support for Donald Trump’s bid for re-election, and plan to make substantial donations to back him further. Ben Horowitz and Marc Andreessen, the heads of Andreessen Horowitz, commonly known as A16Z, revealed their plans in a sprawling 90-minute podcast, in which they argued that the future of “American innovation” required a Trump victory. While their financial support is not expected to equal that of the billionaire Elon Musk, who announced plans to donate $45m a month in support of the former president, the two men are seen as intellectual centres of the burgeoning right wing of the American tech scene. They argue that bad government policies are the #1 threat to little tech, expressing concern about over-regulation, proposing to tax unrealized capital gains, and criticizing the US government’s failure to support startups in critical sectors. They believe Trump is a better choice than Joe Biden for the tech industry. Andreessen specifically highlighted Trump’s support of cryptocurrencies as a reason for supporting his re-election in November. The pair have already donated over $24m in this election, with a majority going to a non-partisan campaign that supports or opposes candidates based on their views on cryptocurrency.
