Donald Trump Presidential Campaign Now Receiving Support From Technology Investors

Key Points:

• Marc Andreessen and Ben Horowitz plan significant personal donations to Donald Trump presidential campaign.
• Andreessen Horowitz supports candidates favoring tech innovation and opposes restrictive regulations, with increased political involvement.

According to Bloomberg, venture capital investors Marc Andreessen and Ben Horowitz are planning significant donations to Donald Trump presidential campaign, according to a source close to the matter. The move aligns the well-known tech investors with the Republican candidate.

Read more: Andreessen Horowitz (a16z) Venture Capital – Fund Investment Strategy

Top VC Investors Back Donald Trump’s Presidential Campaign

The leaders of Andreessen Horowitz are determining which Trump-affiliated organizations to support and will decide soon. These contributions will be personal and not from the firm itself, although they won’t match the $45 million monthly pledge from billionaire Elon Musk. Other partners at Andreessen Horowitz are also contemplating personal donations.

Andreessen Horowitz has recently increased its political involvement, expanding its lobbying efforts in Washington. Last year, Horowitz expressed the firm’s intention to support candidates advocating for a “technology-enabled future” and opposing restrictive tech regulations.

In a video released Tuesday, Andreessen and Horowitz discussed the upcoming election and its implications for startups, a sector they refer to as “little tech.” Despite acknowledging the industry’s predominantly left-leaning stance, both men and former Democrats, now support Trump. Horowitz mentioned potential backlash from friends over their support for Donald Trump presidential campaign but emphasized their belief that Trump is the right choice for “little tech.”

Trump Surpasses Biden in Campaign Funds with Tech and Finance Support

Earlier this month, Andreessen and Horowitz published a blog post criticizing the government’s increasing hostility toward startups. Andreessen also highlighted concerns over regulations affecting cryptocurrency and artificial intelligence, areas where Trump is expected to be more supportive.

Their endorsement adds to the growing list of tech and finance figures backing Trump, including Sequoia Capital’s Shaun Maguire, and VC David Sacks. The Winklevoss twins, Blackstone’s Stephen Schwarzman, and Elliott Investment Management’s Paul Singer have also contributed to Donald Trump presidential campaign.

These contributions have helped Trump surpass Biden in campaign funds, with Trump entering July with $285 million cash on hand compared to Biden’s $240 million. Andreessen and Horowitz, among the top ten donors in the 2024 election cycle, have significantly bolstered this financial advantage.