As a seasoned investor with a keen eye for emerging technologies and a knack for navigating political landscapes, I find myself intrigued by the recent developments in the race for the White House. Initially, I, like many in my circle, backed a candidate who seemed to understand the potential of cryptocurrency and the tech industry at large. However, it appears that the current administration’s approach has been less than favorable, to put it mildly.
Investor Ben Horowitz, who earlier supported the re-election of former President Donald Trump, is now preparing to contribute substantially to the presidential campaign of Vice President Kamala Harris.
Axios uncovered a surprising reversal, occurring not long after Horowitz and his associate, Marc Andreessen, argued in a video on YouTube that Trump represented the most promising choice for the technology sector, particularly cryptocurrency.
At that time, President Joe Biden was still running for re-election.
In my own words, I’d express it as: “July found me acknowledging the challenges we’re facing. This onslaught in our emerging sector has been unprecedented and unlike anything I’ve encountered before. Progress seems elusive, especially given the complexities presented by the White House.
During his discussion with Andreesen, Horowitz asserted a baseless statement suggesting that the current Biden administration bypassed legal principles to target the cryptocurrency sector adversely.
As a crypto investor, I find myself deeply immersed in this matter, which seems to stir up the most intense emotions among us all, without any other topic looming as significantly on November 5th.
Once Harris entered the race in late July, Horowitz had a change of heart.
On a recent Friday, I had the pleasure of penning an email to the esteemed team at Andreesen Horowitz, in which I revealed a fascinating personal connection. Over the past ten years or so, my wife, Felicia, and I have forged a remarkable bond with Harris. This friendship, built on shared experiences and mutual respect, is something I felt compelled to share within our professional sphere.
In fact, during the firm’s “early days,” Harris helped out with some events at his house.
Horowitz said he’s had some encouraging chats with the Democratic nominee about her tech policies.
Horowitz stated that, from our company’s point of view, we will only adopt positions that align with our Small Tech Agenda and support candidates who either advocate for or are against policies that strengthen the emerging technology startup sector.
Horowitz didn’t hesitate to criticize the Biden administration’s technology policies, labeling them as “particularly harmful,” particularly in sectors such as cryptocurrency, blockchain, and artificial intelligence. Despite his optimism that a Harris presidency might bring change, he remains uncertain if she will deliver on tech industry expectations.
Besides Harris, other investors such as LinkedIn’s co-founder Reid Hoffman, Ron Conway from OpenAI, and Mark Cuban (part-owner of the Dallas Mavericks) have expressed their backing for him too.
Wealthy entrepreneur Elon Musk, Shaun Maguire from Sequoia Capital, and the twin entrepreneurs Winklevoss continue to express strong support for Donald Trump.
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2024-10-05 20:24