Former President Donald Trump raised $12 million at a high-profile fundraiser in San Francisco, hosted by tech investors David Sacks and Chamath Palihapitiya. The event, held at Sacks' mansion in Pacific Heights, saw significant attendance from Silicon Valley figures who have become disillusioned with the Biden administration's policies. Tickets for the event ranged from $50,000 to $500,000, with perks such as a photo with Trump. Despite the majority of tech and electronics money (71%) traditionally supporting Biden, several tech billionaires have shown support for Trump. Trump presented himself as a champion for cryptocurrency, promising to halt the Biden administration's regulatory efforts against the sector if re-elected. The fundraiser marks a notable shift in support within the tech community towards Trump. Additionally, Trump has raised $400 million since his trial in New York, and JD Vance was credited for initiating the event.