aAbout 700 well-heeled Democrats packed San Francisco’s Fairmont Hotel on Sunday to see Kamala Harris return to the city for the first time since launching her presidential campaign. The crowd at the fundraiser, where the cheapest tickets cost $3,300 and the highest was $500,000, included tech billionaires, corporate executives, and Silicon Valley venture capitalists who are quick to endorse Vice President Harris in her bid for the White House.
The event, which raised more than $12 million, was the latest in the Harris campaign’s outreach to tech Democrats and an extension of ties to Silicon Valley elites that go back more than a decade.
Harris, a former California attorney general and then senator, has extensive ties to some of the tech industry’s most influential figures and big donors. Her campaign has yet to release detailed policy positions on issues such as tech regulation, but tech executives speculate that her track record suggests she could take a more industry-friendly approach than Joe Biden.
Democrats from the tech industry who have promoted or donated to the Harris campaign include former Facebook chief operating officer Sheryl Sandberg; LinkedIn co-founder Reid Hoffman, who attended the fundraiser in San Francisco; philanthropist Melinda French Gates; IAC Chairman Barry Diller; and Silicon Valley venture capitalist Ron Conway. Laurene Powell Jobs, the billionaire philanthropist and former wife of Apple’s Steve Jobs, is a longtime friend of Harris’ and held a fundraiser for her at her home in 2013. Netflix Chairman Reed Hastings, who publicly called on the president to drop out after his disastrous debate performance, publicly endorsed Harris for the race. Donated $7 million It funded a pro-Harris super PACac within days of her becoming the presumptive nominee.
Some of these donors have come to Harris’ campaign with their own agendas. Most notably, Hoffman and Diller have called for the removal of Federal Trade Commission Chair Lina Khan, whose agency has aggressively regulated big tech companies, angering the industry with lawsuits against companies like Microsoft and Amazon. (Hoffman sits on the Microsoft board of directors.) Targeted of the FTC’s antitrust lawsuit.
That Hoffman and Diller are donating heavily to Harris while also calling for the removal of Khan gives the appearance of billionaire donors trying to sway policy for their own benefit. Hoffman’s denial Harris claims Hoffman’s donations were made in exchange for influence. While she has not yet commented on the donations from Khan or her critics, her campaign hosted him at an organizing event in early August after his attacks on the FTC chairman.
Harris has received public pledges of support from big-name donors as well as hundreds of venture capitalists and technology industry insiders. “VCs For Kamala” website More than 800 signatures were collected from various companies. Bloomberg reported Tech4Kamala’s open letter has garnered more than 1,200 signatures, and the two groups are planning to hold an event later this month.
Trump battles Harris to build new relationships in Silicon Valley
Harris may have more vocal tech advocates than Biden, but the industry has also seen a shift toward conservatism and embrace of far-right ideology, and she faces a host of strong opponents. Last month in San Francisco, venture capitalists David Sachs and Chamath Palihapitiya hosted a fundraiser for Donald Trump that raised about $12 million, while Silicon Valley powerhouses Marc Andreessen and Ben Horowitz announced plans to make large donations to the former president.
Trump’s running mate, J.D. Vance, also ran his Ohio Senate campaign with roughly $15 million in contributions from tech billionaire Peter Thiel, who was briefly employed by Thiel’s venture capital firm in 2015. Before becoming a senator, Vance worked in Silicon Valley and was connected to a wide network of wealthy conservatives in the tech industry.
After newsletter promotion
Elon Musk, the world’s richest man, has openly supported Trump while promoting attacks on Harris and the Democratic Party on his social media platform, X. Last month, Musk shared a deepfake parody video on the platform that showed manipulated footage of Harris saying, “I’m the ultimate diversity hire.” Musk’s Grok chatbot has also Spreading disinformation Harris drew condemnation from Democrats after suggesting she was ineligible to appear on the ballot in some states.
On Monday, Musk spoke with Trump in a more than two-hour interview in which he praised the president and did not refute a variety of falsehoods and baseless election conspiracy theories.
“The Trump campaign is run by self-centered rich people like Elon Musk and Trump himself who have betrayed the middle class and won’t be able to live stream in 2024,” Joseph Costello, a spokesman for the Harris campaign, said in a statement after the interview.
California’s ties to big tech companies
Harris, who served as California’s attorney general and then senator from 2010 to 2020, served during a pivotal period in the rise of Silicon Valley’s largest social networks, including Facebook. Her record on tech legislation and litigation has been praised by regulatory and privacy advocates, but she has also been criticized for not trying to rein in companies that have accumulated monopolies.
Harris, as attorney general, had close ties to the industry, and had been close to Sandberg, who was Facebook’s COO, and had worked on the PR campaign for her memoir, “Lean In.” Sandberg made the maximum legal individual contribution to Sandberg’s 2016 Senate campaign, Emails obtained by HuffPostsent Harris a message two days after the election saying, “Congratulations!!!!!!!!!!!! We need your help now,” but Harris did not respond.
Source: www.theguardian.com
