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Major Silicon Valley investors are backing former President Donald Trump after expressing disgust for President Joe Biden’s anti-growth policy proposals.
Other prominent big tech moguls including David Sacks, Chamath Palihapitiya, Marc Andreessen, and Shaun Maguire have tired of Biden’s proposals, including a 25 percent “billionaire tax” and antitrust crackdowns enacted by the Democrat majority at the Federal Trade Commission . Andreessen, the founder of large venture capitalist firm Andreessen Horowitz, said that there are “real issues” with the Biden administration. He said that a second Trump administration would be staffed by “very different kinds of people” at the SEC and FTC.Ben Horowitz, the other founder of Andreessen Horowitz, said that his company would back any lawmaker who believed in an “optimistic technology-enabled future.
Sacks attended a recent “ant-Biden” dinner with X, formerly Twitter, owner Elon Musk and Peter Thiel.
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