More than 400 Silicon Valley Venture Capitalists Endorse Kamala Harris for President

More than 400 prominent figures from the venture capital and technology sectors announced their support for Vice President Kamala Harris’ presidential campaign on Wednesday.

The group includes such high-profile names as venture capitalists Mark Cuban, Vinod Khosla and Ron Conway, as well as LinkedIn founder Reid Hoffman, who has already donated $7 million to the Harris campaign.

A letter signed by these tech leaders can be found on the newly launched VCs for Kamala website.

The letter discusses strong, trustworthy institutions, the risks they pose in the upcoming election, and the industry’s dependence on such institutions for stability and success.

The outpouring of support for Harris from Silicon Valley contrasts with recent endorsements and donations from some tech leaders to former President Donald Trump. They include Elon Musk, Marc Andreessen and Ben Horowitz, Politico reported.

David Marcus, CEO of Lightspark and former PayPal chairman, has also expressed support for Republicans while criticizing Democratic leaders for what he sees as an increasingly leftist ideology.

Steve Spinner, a leading Democratic Party official, said the collective support for Harris is intended to combat the perception that Silicon Valley is divided.

He added that despite some high-profile votes in support of Trump, the broader tech industry and venture capital community still overwhelmingly supports Harris.

“It’s still a very Democratic climate here, and now it’s a Harris climate,” Spinner said.

“Just because there are a few big investors with big egos who are pro-Trump — they don’t speak for the broader tech community and the broader VC community. For every person who supports Trump, there are 20 who support Kamala.”

Meanwhile, on Wednesday, the United Auto Workers (UAW) union officially endorsed Harris in the U.S. presidential election.

UAW President Shawn Fain praised Harris for his commitment to defending the working class and fighting corporate greed.

The union’s support is significant given the UAW’s large membership in Michigan, a key swing state for both parties.

Harris is scheduled to meet with UAW members in Detroit on August 7.

Other unions have also begun shifting their support from Biden to Harris, though some, such as the Teamsters, have not yet formally endorsed.