Silicon Valley is witnessing a notable shift in political support, with increasing backing for former President Donald Trump and Republican candidates like JD Vance. Traditionally a Democratic stronghold, the tech hub is seeing more venture capitalists and investors aligning with conservative figures. Bradley Tusk, Co-Founder and CEO of Tusk Venture Partners, highlighted this trend, noting that many investors are now voting with their dollars. This shift was evident at the recent Republican National Convention (RNC) this week, where several prominent tech figures, including David Sacks, Shervin Pishevar, and Ken Howery, were present. The change in sentiment is also reflected in employee donation patterns, with 80% of donations at internet companies going to Democrats in 2024, down from 90% in 2020. Additionally, Silicon Valley’s Democrats have lost their voice on Trump, further indicating the shift in political dynamics.
The most interesting statistic from this article on the rise of Trump support in Silicon Valley is that 80% of employee donations at internet companies are to Democrats in 2024 down from 90% in 2020. https://t.co/ZS8T8UjoIZ
Why Silicon Valley’s Democrats Lost Their Voice on Trump https://t.co/ANS4dwlCGy
WHY SOME SILICON VALLEY INVESTORS ARE BACKING THE TRUMP-VANCE CAMPAIGN (LA Times) For many years, Republicans and ardent supporters of former President Trump haven't been super popular in Silicon Valley circles. But the sentiment has shifted in recent weeks as conservative… https://t.co/urQXQkmr2l