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Marc Andreessen and Ben Horowitz, co-founders of venture capital firm a16z, have publicly endorsed Donald Trump for the 2024 presidential election. Despite being a Democrat for most of his life, Andreessen cited Trump's pro-crypto regulation plan as a significant reason for his support, describing it as a 'flat-out blanket endorsement of the entire space'. The endorsement also highlighted concerns over Joe Biden's regulatory policies, including overregulation of AI and the taxation of unrealized capital gains, which they believe stifle innovation and harm startups. Other influential tech figures, including Peter Thiel and Elon Musk, have also shown support for Trump, indicating a potential shift in Silicon Valley's political landscape.
[TECHCRUNCH] a16z Co-Founder Marc Andreessen, Longtime Democrat, Endorses #Trump for 2024 Citing Pro-Crypto Stance and Criticizing #Biden's Regulatory Policies
LISTEN NOW: The latest in Silicon Valley to come out for former President Trump are Marc Andreessen and Ben Horowitz, two of the most influential names in the startup ecosystem. Listen and follow the @CNBCTechCheck podcast here: https://t.co/GkIlXbKLTT https://t.co/JjTWtuENBX
LISTEN NOW: Silicon Valley support grows for Trump; Marc Andreessen, Ben Horowitz, Peter Thiel, and Elon Musk have endorsed the Republican nominee, and our expert says it might be part of a shift in tech. Listen and follow the @SquawkCNBC podcast here: https://t.co/gZaa8fjNXK https://t.co/ceEKGNMRPJ
