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alt / alt.atheism / Re: Why Silicon Valley Is Staying Blue

SubjectAuthor
o Re: Why Silicon Valley Is Staying BlueMichael A Terrell

1
Subject: Re: Why Silicon Valley Is Staying Blue
From: Michael A Terrell
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Date: Sun, 25 Aug 2024 03:05 UTC
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From: mike.am.surreal@earthlink.nut (Michael A Terrell)
Subject: Re: Why Silicon Valley Is Staying Blue
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<66ca4e26$0$1895494$882e4bbb@reader.netnews.com>
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<66ca7d39$0$2760$882e4bbb@reader.netnews.com>
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On 8/24/2024 5:39 PM, Skeeter-Shit "Lamey" Jack-Off Shit-4-Braincell, convicted
child molester and another fucking do-nothing, posted another content-free batch
of lies:

> In article <khuyO.134032$x8Nb.110223@fx06.iad>,
> mike.am.surreal@earthlink.nut says...
>>
>> On 8/24/2024 2:18 PM, Skeeter-Shit "Lamey" Jack-Off Shit-4-Braincell, convicted
>> child molester and another fucking do-nothing, posted another content-free batch
>> of lies:
>>
>>> In article <vad3ps$1kv0d$3@solani.org>, webermark@polaris.net says...
>>>>
>>>>> 'Why Silicon Valley Is Turning Red'
>>>>> 'The Surprising Shift as Tech Titans Bet Big on Trump'
>>>>>
>>>>> <https://tippinsights.com/why-silicon-valley-is-turning-red/>
>>>>
>>>> Horseshit. More speculation, lies and distortions from an emeny Russian
>>>> propaganda outlet often cited by rightists, but only the America hating
>>>> ones.
>>>>
>>>> Trump will lose and end up ending his days in a prison cell.
>>>>
>>>>
>>>> A few weeks ago, multiple tech investors asked a partner at an early-
>>>> stage venture capital firm if she would sign onto VCs for Kamala, an
>>>> advocacy group to elect Kamala Harris as president. She didn't sign, not
>>>> because she doesn't support Harris (she does) but because she sees no
>>>> upside in broadcasting her political intentions.
>>>>
>>>> "We're here to manage your money and make you a lot more of it. We're not
>>>> here to comment on anything else," said the partner, who asked to remain
>>>> anonymous because she said it felt "off brand" to comment on politics.
>>>>
>>>> Political advocacy, especially for Republicans, used to be largely taboo
>>>> in tech, which is centered in some of the bluest areas of the country;
>>>> more than 85% of San Francisco voters went for President Joe Biden in the
>>>> 2020 election.
>>>>
>>>> "The majority of Silicon Valley, whether entrepreneurs or investors, has
>>>> always been and remains broadly liberal," said David Hornik, an investor
>>>> at Lobby Capital and August Capital. "I have no reason to believe any of
>>>> that has shifted."
>>>> Advertisement
>>>>
>>>> What has changed is the minority of Republicans in tech ? whether
>>>> motivated by concerns about regulating cryptocurrency or support for
>>>> Israel ? have become more emboldened to share their views, which in turn
>>>> has caused Democrats to amp up their support for Harris.
>>>>
>>>> "There's been an airing of grievances that we don't normally see out
>>>> there," said Leslie Feinzaig, founder of VCs for Kamala.
>>>>
>>>> No one has been more emblematic of the shift than Elon Musk, who endorsed
>>>> Trump last month and hosted a rambling interview with him last week on
>>>> social media platform, X. The former president has also received
>>>> endorsements from famous VCs Marc Andreessen, Ben Horowitz, Doug Leone,
>>>> and David Sacks.
>>>>
>>>> After hand-wringing Silicon Valley had gone red, liberal voices like
>>>> LinkedIn cofounder Reid Hoffman, Netflix cofounder Reed Hastings, and
>>>> venture investor Ron Conway affirmed their support for Harris. More than
>>>> 800 investors have signed onto VCs for Kamala.
>>>> Advertisement
>>>>
>>>> But even Feinzaig, whose day job is managing the early-stage firm Graham
>>>> & Walker, is not entirely comfortable being an advocate. She would much
>>>> rather be spending her time making deals and helping founders.
>>>>
>>>> "I cannot believe that I, of all people, became a political
>>>> spokesperson," said Feinzaig. "We had a no politics rule at Graham and
>>>> Walker. We try to just respect all views."
>>>>
>>>> Related stories
>>>>
>>>> Sequoia's Michael Moritz says Trump's Silicon Valley supporters are
>>>> making a 'big mistake'
>>>>
>>>> Google, Netflix, and OpenAI execs are hosting a fundraiser for Kamala
>>>> Harris
>>>> Choosing a VC because of politics
>>>>
>>>> Everyone BI spoke to for this article stressed business still comes
>>>> first. However, many also acknowledge politics can't help enter into
>>>> decisions about how founders choose to fund their company.
>>>>
>>>> "If their values are not aligned, or in this particular case, if they
>>>> know a particular VC is MAGA, they're less inclined to have them on their
>>>> cap table," said Divya Kakkad, a partner at Graham & Walker. (Another VC
>>>> pointed out many liberal founders would love to get a term sheet from
>>>> Sacks' Craft Ventures or Thiel's Founder's Fund.)
>>>> Advertisement
>>>>
>>>> Some VCs also blamed the election for an unusually slow summer of
>>>> dealmaking. The constant chatter has also dragged down the performance of
>>>> some companies, according to Jesse Middleton, a general partner at
>>>> Flybridge, an early-stage AI-focused firm.
>>>>
>>>> "The surrounding noise can be a major distraction for founders, affecting
>>>> their morale and productivity," said Middleton. "This distraction extends
>>>> to both fledgling and established startups, potentially destabilizing
>>>> their growth trajectory."
>>>>
>>>> All the attention on the election has also been a factor in companies
>>>> delaying their plans to go public until after November, according to
>>>> Cameron Lester, global co-head of technology, media, and telecom
>>>> investment banking at Jefferies.
>>>>
>>>> "This is a really noisy time with the election," said Lester.
>>>> Advertisement
>>>>
>>>> ServiceTitan, a Los Angeles-based startup that makes software to help
>>>> tradespeople manage their businesses, was originally targeting this fall
>>>> to go public. Now, executives are waiting until after the election
>>>> concludes to make any decision, according to a source familiar with the
>>>> matter. (ServiceTitan did not respond to a request for comment.)
>>>> Limited partners are 'irritated'
>>>>
>>>> The outspokenness of VCs is also causing consternation among the limited
>>>> partners who fund venture firms, according to two sources.
>>>>
>>>> "I've always wanted our VCs to just shut their mouths and do their job
>>>> and not be political unless they're defending the startup ecosystem,"
>>>> said an LP who has backed many prominent VC funds in the Bay Area and New
>>>> York. "Other than that, they shouldn't be posturing for a political
>>>> candidate."
>>>>
>>>> Publicly supporting candidates has no upside for LPs, especially
>>>> considering many LPs have their own agendas, added a VC.
>>>> Advertisement
>>>>
>>>> "I know LPs are very irritated," said the VC. "If I hired you to be a
>>>> mechanic, I just wanted you to fix my car and not spend your time being a
>>>> political advocate."
>>>>
>>>> He pointed out a pension fund for union workers cannot be thrilled with a
>>>> VC who endorses Trump, who has spoken out against unions.
>>>>
>>>> "What most LPs worry about is the headline risk for you as a reporter to
>>>> write an article and mention one of their general partners, and then they
>>>> have to answer to their board," said the LP. "It stresses them out."
>>>>
>>>> Still, according to another VC, for all their dismay, most LPs are
>>>> unlikely to do anything beyond voicing their displeasure in a phone call.
>>>
>>> What a load of horse shit.
>>
>> No, it isn't.
>
> A big

No, it isn't.

--
Another content-free post from Skeeter-Shit "Lamey" Jack-Off Shit-4-Braincell,
convicted child molester and another fucking do-nothing


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