TechCheck+ Tech for Trump: Silicon Valley investors turn against Biden 6/7/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 7 June 2024
⏱️ 11 minutes
🧾️ Download transcript
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| 0:00.0 | Behind me a mega fundraiser for former President Trump is about to take place. |
| 0:05.0 | But this isn't Maralago and it's not Trump Tower. |
| 0:09.0 | This is the heart of San Francisco, a liberal bastion of America. But in recent years a growing |
| 0:15.4 | circle of tech elites is switching camps. They're vocal, they're emboldened, and |
| 0:20.6 | they're filthy rich. This week on Tech Check. Silicon Valley turns to Trump. |
| 0:27.0 | It's a gathering of a list tech heavy, and it signals a shift happening in the traditionally |
| 0:35.7 | deep blue valleys of the Bay Area. 50 grand a ticket or 300,000 bucks a pop for a VIP ticket that includes a photo with the former president. |
| 0:45.2 | Pocket change for the tech founders and investors in attendance. |
| 0:48.8 | David Sachs, the venture capitalist who owns the mansion, he's one of the newer, more vocal conservatives in the industry. |
| 0:56.1 | He donated to Republican candidate Mitt Romney's campaign in 2012 and then Democrat |
| 1:01.0 | Hillary Clinton in 2016. |
| 1:03.0 | This year he has thrown all his support behind the Republican Party, |
| 1:07.0 | supporting Florida Governor Ron DeSantis' presidential bid, |
| 1:11.0 | and now hosting the first fundraiser for President Trump after his conviction. |
| 1:15.0 | The other host of the fundraiser, V.C. Chamath Paula-Hapatia, has also switched to legences. |
| 1:20.0 | He donated more than $250,000 to Biden in 2020 according to campaign records. |
| 1:26.0 | I am an apolitical person who has to make a difficult decision every four years and I think most of us are like that. |
| 1:33.7 | Saxon Polyhapatia they make up half of the All-In Podcast dedicated to giving an inside look at |
| 1:39.2 | tech investing in wealth. It's amassed a loyal group of hundreds of thousands of listeners an episode and it's |
| 1:45.8 | an example of how supporting Trump in the tech industry once vilified you but now can |
| 1:51.7 | glorify you. Unthink unthinkable just a few years ago. I know there's going to be a lot of people who support |
| 1:56.7 | Trump but they don't want to admit it and I think that this event is going to break the ice on that and |
... |
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