Enterprise capitalist Ben Horowitz and his spouse plan to make a “significant” donation to the presidential marketing campaign of US Vice President Kamala Harris, simply three months after supporting Harris’ rival, former President Donald Trump.
In a memo to workers at his agency Andreessen Horowitz, considered by Bloomberg Information, Horowitz emphasised the private nature of the donation, saying he and his spouse, Felicia, have recognized Harris for years and she or he has been “a great friend to both of us.”
Horowitz and accomplice Marc Andreessen in July stated they have been backing Trump, surprising many in Silicon Valley, which has historically leaned Democratic. The 2 stated they most well-liked Trump’s insurance policies on points corresponding to cryptocurrency, one thing the Biden Administration has been much less open to.
On the time, President Joe Biden was nonetheless the Democratic candidate. Since Biden dropped out and Harris has turn out to be the celebration’s nominee, the race with Trump has tightened.
The information is a blow to Trump, whose marketing campaign has far much less money available than Harris’ because the candidates enter the ultimate, and costliest, weeks of the marketing campaign.
Horowitz wrote within the be aware that the agency at massive gained’t be updating its place on the election provided that Harris’ tech insurance policies stay unknown. A consultant for Horowitz declined to remark late Friday. Axios was first to report Horowitz’s deliberate donation.
The donation is meant to assist Harris and her marketing campaign, however stops wanting explicitly endorsing her insurance policies, in response to Horowitz’s memo to workers. Horowitz famous that the Biden administration had been notably damaging on tech coverage, together with crypto and AI, two of the agency’s priorities.
“So, while I am very hopeful that the Harris administration will be much better, they have not yet stated their intentions,” he stated within the memo.
