Over 100 VCs pledge support for Kamala Harris

In a significant show of support, over 100 venture capitalists (VCs), including notable figures like Reid Hoffman, Vinod Khosla, and Mark Cuban, have pledged their backing for Vice President Kamala Harris in the upcoming U.S. presidential election. Mobilizing under the banner of VCsForKamala, this coalition is not only endorsing Harris but also actively soliciting donations for her campaign. The group emphasizes that their initiative transcends party lines, focusing instead on a commitment to “strong, trustworthy institutions” and advocating for constructive dialogue with political leaders. The formation of VCsForKamala comes as a counter-narrative to the recent endorsements of former President Donald Trump by prominent tech figures, including Elon Musk and Marc Andreessen. These endorsements have sparked discussions about Silicon Valley's political affiliations, with some arguing that the Republican Party, under Trump, is more supportive of the startup ecosystem. The VCsForKamala initiative aims to challenge the perception that the tech industry is predominantly aligned with Trump. Harris has a complex history with tech regulation, having held various positions on the issue throughout her career. Notably, she has engaged with tech leaders, including hosting a meeting with CEOs from major companies to discuss AI risks. This engagement reflects her ongoing efforts to connect with the tech community, which is crucial for her campaign strategy. As part of her outreach, Harris is reportedly planning a fundraising trip to the San Francisco Bay Area next month, aiming to solidify support among Silicon Valley elites who have yet to publicly endorse a candidate. This move underscores her commitment to rallying resources and backing for her presidential bid.