Democratic mega donors are backing Kamala Harris and countering tech industry support for Trump — a dispute that has birthed a vicious public battle.
A wave of Democratic donors are using their money and influence to counter high-profile support for Trump — triggering a vicious and personal public battle.SAN FRANCISCO — In the 97 days before the election, billionaire investor Reid Hoffman is dedicating himself to a single task: Getting Kamala Harris into the Oval Office.
said he called up this week — backed a pro-Harris PAC with a $7 million donation. Philanthropist Melinda Gates also said she is supporting the vice president because she has an “inspiring vision for America.”Cash from Bay Area executives had begun to dry up as donors grew concerned about President Biden’s viability, said Andrew Byrnes, a longtime campaign bundler for Harris.
While Democratic tech leaders largely saw Obama’s White House as allies, the Biden administration has angered many in tech with a stricter regulatory approach that has tightened oversight of megamergers and artificial intelligence. Cryptocurrency investorshas been jarring for some, who see the election as bigger than the industry’s bottom line.
For Lily Lamboy, a former manager at a tech company in San Francisco, the rhetoric from Silicon Valley has exposed a familiar divide: those who are supporting Trump to protect their company’s bottom line versus those backing the Democrats over social issues, such as abortion. Hoffman said he was offended by investor David Sacks’ many online posts praising people who spoke out against Biden. For Hoffman, who was once an executive with Sacks at PayPal, the comments were a personal affront. “It’s like, okay, will you show integrity now and speak against Trump?” he said. “Let’s take that integrity challenge on your own terms.” Sacks did not reply to a request for comment.
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