Silicon Valley has always had its share of Republicans and libertarians, with the PayPal network making up its center of gravity in recent years. But since the pandemic, this group has been increasingly energized around the idea that California is fatally broken. Some big investors and founders have relocated their companies and/or personal residences to Texas or Florida, while others, such as Sacks, have dug into statewide and local politics in the Bay Area.
Rabois, who went on to work at PayPal and is now a general partner at Founders Fund, the VC firm that Thiel co-founded in 2005, did not face any disciplinary consequences, but he was publicly reprimanded by school officials.
But as Max Chafkin, a features editor and tech reporter at Bloomberg Businessweek, notes in his forthcoming book on Thiel and his network, ““It’s important to say that the genesis of the PayPal mafia is a political network, not a business network: It’s the Stanford Review,” Chafkin said. “This political project has been integral to the development of the tech industry as it exists today.”
Sacks’ political donation history is small compared with Thiel’s, who donated around $1.5 million to support Trump in 2016 and is putting $10 million behind the campaigns of two Republican proteges running for Senate in 2022 — Ohio’s J.D.
I’d rather not.
Ha ha ha no
Not the best headline but great article. There is an assumption that Northern California is super progressive, but there are many wealthy tech investors with a deeply conservative ideology who use their money to influence local politics.
Forgot the quotes
This guy is a major donor to the Sf school board and Chesa boudin recall as well
No one cares what an out of touch white supremacist has to say. Vote No on the GQP recall!
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