Mark Cuban And Other Venture Capitalists Pledge Support For Kamala Harris, Who’s On The List?

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Many venture capitalists in Silicon Valley and beyond believe that Vice President Kamala Harris could be a tech-friendly president. Some, such as LinkedIn co-founder Reid Hoffman, have already endorsed the Vice President, but now a new pledge is attracting more support. The names on it represent some of the most important and well-funded tech funds.

While Reid Hoffman and entrepreneur Mark Cuban are at the top of the list, the VCsforKamala website shows over 100 venture capitalists signed up, including Chris Sacca, who has been a guest shark on Cuban’s show “Shark Tank.” The VCsforKamala initiative was created by Seattle venture capitalist Leslie Feinzaig. The site defines those on the list as venture capital investors, founders, and tech leaders pledging their support for Harris. They describe themselves as pro-business, pro-American dream, pro-entrepreneurship, and pro-technological progress. So far, the list has over 110 signatories representing approximately $150 billion in venture capital.

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One prestigious name on the list is Ron Conway, the head of SV Angel. Conway has been a venture investor since the 1990s. He was also a co-founder of Altos Computer Systems, taking the company public in 1982. SV Angel has invested in Airbnb (NASDAQ:ABNB), Asana (NYSE:ASAN), Coinbase (NASDAQ:COIN), Meta (NASDAQ:META) and dozens of other private and public companies.

Also on the list is Vinod Khosla of Khosla Ventures. He is a longtime entrepreneur and the founding CEO of Sun Microsystems. He formed Khosla Ventures in 2004 and searches for attractive for-profit and social impact companies. Some of the companies that Khosla Ventures invested in and exited include Affirm (NASDAQ:AFRM), DoorDash (NYSE:DASH), Okta (NASDAQ:OKTA), and Upstart (NASDAQ:UPST).

Another legend in the venture capital world who has signed his name is Brook Byers, a founder at Kleiner Perkins. Byers has been a venture capitalist since 1972, helping to build more than 60 companies. Kleiner Perkins has an alum list that spans some of the most successful companies of all time, including Amazon (NASDAQ:AMZN) and Uber (NYSE:UBER).

There are many more investors on the list from large and small venture capital firms based not just in Silicon Valley but in cities all around the country. However, not everyone on the list has committed a large amount of campaign financing.

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Not all venture capitalists are on Harris’ side of the aisle. Elon Musk has famously endorsed Trump. His fellow PayPal (NASDAQ:PYPL) alum Peter Thiel is reportedly on the fence, but Trump’s selection of J.D. Vance has made him feel more sanguine about Trump. Other major investors who have declared for Trump include Bill Ackman of Pershing Square and Shaun Maguire of Sequoia Capital, who donated $300,000 to the Trump campaign.

The founders of one of the world’s most prominent venture capital funds, Andreessen Horowitz, also known as a16z, have endorsed former President Donald Trump. Andreessen Horowitz has been famously bullish on cryptocurrency and has backed many of Silicon Valley’s biggest successes, including Instacart (NASDAQ:CART), Roblox (NYSE:RBLX), and Pinterest (NYSE:PINS), as well as Meta, Airbnb, and others.

As we approach election day, we will likely see more tech luminaries on both sides. Those who favor Harris believe that she will be an ally to large tech companies because of her connections in California. Those who favor Trump believe that he could bring with him a new wave of deregulation that could benefit multiple industries.

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