Technology
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Technology
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Venture capitalists pledge support for Harris
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LinkedIn co-founder Reid Hoffman and television personality Mark Cuban have joined a group of more than 100 venture capitalists backing Vice President Harris, a strong show of support amid concerns that former President Trump is making inroads in Silicon Valley.
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© Photo by BRENDAN SMIALOWSKI/AFP via Getty Images
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“We spend our days looking for, investing in and supporting entrepreneurs who are building the future,” the “VCs for Kamala” website reads. “We are pro-business, pro-American dream, pro-entrepreneurship, and pro-technological progress.”
“We also believe in democracy as the backbone of our nation,” it continues. “We believe that strong, trustworthy institutions are a feature, not a bug, and that our industry — and every other industry — would collapse without them.”
“That is what’s at stake in this election,” the site says. “Everything else, we can solve through constructive dialogue with political leaders and institutions willing to talk to us. In this pivotal moment, we are united in our support for Vice President Kamala Harris.”
In addition to Hoffman and Cuban, big-name venture capitalists including Ron Conway and Vinod Khosla have also signed onto the pledge.
The show of support for Harris comes as Trump has managed to peel away several former Democratic donors in Silicon Valley, such as tech adviser Jacob Helberg, venture capitalist Shaun Maguire and billionaire tech mogul Elon Musk.
Read more in a full report at TheHill.com.
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Welcome to The Hill’s Technology newsletter, we’re Rebecca Klar and Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley.
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How policy will be impacting the tech sector now and in the future:
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The United Auto Workers (UAW) endorsed Vice President Harris on Wednesday in the upcoming presidential election. UAW President Shawn Fain praised Harris ahead of her planned appearance at a rally with union members on Aug. 7 and took aim at former President Trump, the Republican presidential nominee. “Our job in this election is to defeat Donald Trump and elect Kamala Harris to build on her proven track record of delivering …
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Boeing has named aerospace industry veteran Robert “Kelly” Ortberg to serve as its next president and CEO as the company seeks to recover from mounting scrutiny after a series of high-profile accidents. Ortberg will replace Dave Calhoun as CEO effective Aug. 8, following Calhoun decision to step down from the role, the aerospace company announced Wednesday. “The Board conducted a thorough and extensive search …
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Delta CEO Ed Bastian said the recent global tech outage cost his company $500 million after the airline suffered major flight delays and cancellations. “This cost us a half a billion dollars,” Bastian said Wednesday on CNBC’s “Squawk Box.” “Over a period of five days, between not just the lost revenue, but the tens of millions of dollars per day in compensation and hotels and — we did everything we could to take care …
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News we’ve flagged from the intersection of tech and other topics:
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How Swifties are campaigning for Harris
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A group of Taylor Swift fans, or Swifties, are using the online power they’ve built in the fanbase to mobilize and organize to boost Vice President Kamala Harris’s presidential campaign, Wired reported.
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Dating apps let stalkers pinpoint locations, researchers found
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Researchers found vulnerabilities in popular dating apps allowed stalkers to pinpoint the locations of users, and the apps have since made a fix to limit the issue, TechCrunch reported.
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Branch out with other reads on The Hill:
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Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours
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SAN FRANCISCO (AP) — Facebook and Instagram parent company Meta Platforms Inc. reported stronger-than-expected results for the second quarter on Wednesday, sending shares sharply higher in after-hours trading. The Menlo Park, California-based company earned $13.47 billion, or $5.16 per share, in …
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PARIS (AP) — The night the Olympic and Paralympic cauldron first flew over Paris, its designer Mathieu Lehanneur held his breath: Nothing could go wrong. The balloon, lit by the Olympic torch and set off into the sky, was a risk. After all, it was the first time it had ever been tested in its entirety, …
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Two key stories on The Hill right now:
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Former President Trump on Wednesday clashed with an ABC News correspondent at a convention of Black journalists, slamming her “disgraceful” questioning … Read more
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Senate Republican Whip John Thune (S.D.), the No. 2-ranking Senate GOP leader, said Wednesday that former President Trump should focus on policy issues … Read more
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You’re all caught up. See you tomorrow!
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