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Pastimes : The New Qualcomm - write what you like thread.
QCOM 180.72-0.1%Nov 3 9:30 AM EST

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From: Bill Wolf7/24/2024 8:51:06 AM
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The moral bankruptcy of Marc Andreessen and Ben Horowitz
Two of Silicon Valley’s famous venture capitalists made a case for backing Trump: that their ability to make money is the only value that matters.

By Elizabeth Lopatto, a reporter who writes about tech, money, and human behavior. She joined The Verge in 2014 as science editor. Previously, she was a reporter at Bloomberg.

Last week, the founders of venture capital firm Andreessen Horowitz declared their allegiance to Donald Trump in their customary fashion: talking about money on a podcast.

“Sorry, Mom,” Ben Horowitz says in an episode of The Ben & Marc Show. “I know you’re going to be mad at me for this. But, like, we have to do it.”

Marc Andreessen and Horowitz insist they voted for Democrats until now. They are friends with liberals. They claim to be nervous about the social blowback they will receive for this, especially because of the historically progressive nature of the tech industry and the Bay Area.
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So this VC cabal is trading against the basic principles of America — not merely against personal freedom, but democracy itself — in the hopes of profit. It’s not the first time tech has made the trade against freedom; IBM made it during the Holocaust.

In venture capital, you are what you fund. Andreessen and Horowitz understand this, even embody it. But they aren’t just funding the issues they discuss on their podcast; they are funding Trump and Vance. That means those donations are anti-abortion, anti-immigration, and possibly even anti-democracy because that is what the Trump / Vance ticket stands for. These are not subsidiary issues: these are now what two of Silicon Valley’s most prominent figures now stand for, too. Is that a good investment?

theverge.com



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