As she campaigns, a wave of strong support has rallied behind Vice President Kamala Harris. Eight hundred and sixty-six venture capitalists, representing $276 billion in assets, joined the “VCsForKamala” initiative. This unusual support includes notable tech industry figures such as Mark Cuban, Reid Hoffman and Vinod Khosla, who endorse her economic and entrepreneurial vision for America, according to a recent report from Business Insider.
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The wave of support for the private sector and the tech industry aims to highlight Harris’ pro-business and pro-innovation platform. Momentum increased after prominent executives signed a letter endorsing Harris’ vision for a stronger, business-oriented economy. This push represents an attempt by Silicon Valley to bring back the focus on technological progress and democracy as the backbone of the US
Through “Business Leaders for Harris,” technology moguls and business leaders draw attention to Harris’ proposed economic strengths, highlighting her plans for economic growth, entrepreneurship and market stability.
The support for Harris from venture capitalists isn’t just about campaign contributions; it is a strategic move by Silicon Valley to emphasize its pro-business and pro-innovation policies in an election where economic stability and market confidence are top concerns. With more than 800 venture capitalists coming together under “VCsForKamala,” this coalition adds weight to its platform and reinforces its alignment with the priorities of the U.S. technology and investment communities.
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As part of the movement, figures like LinkedIn co-founder Reid Hoffman and tech investing heavyweight Vinod Khosla are showing that Harris’ stance on democracy and economic policy aligns with the industry’s long-term vision. According to the founders of VCsForKamala, Harris’ appeal lies in her commitment to fostering a pro-entrepreneurial environment.
Another strong statement of support came from a joint letter signed by 88 Wall Street and Silicon Valley leaders, which noted that Harris represents the “best way to support the continued strength, security and reliability of our democracy and economy.” The endorsement also sheds light on Harris’ support for small businesses – a segment often vulnerable to policy changes.
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Efforts to mobilize support for Harris extend beyond Silicon Valley. Launched in October, “Business Leaders for Harris” appeals to more conservative-leaning voters by highlighting Harris’ record on economic issues. The initiative aims to build bipartisan appeal, emphasizing Harris’ commitment to economic growth and belief that a stable democracy creates a healthy business environment.
For many of these venture capitalists and business leaders, backing Harris is also a way to counter other Silicon Valley figures, such as Elon Musk and Marc Andreessen, who have openly supported Donald Trump. This divide within Silicon Valley highlights the evolving landscape of political allegiances in the tech world. While some tech giants are backing Trump’s deregulation promises, the VCsForKamala coalition sees Harris’ approach as more sustainable for long-term growth and stability, a BI report shows.
According to The New York Times, Harris raised nearly $1 billion in campaign finance between July and September. This influx of support from tech leaders and venture capitalists cements her position as a formidable candidate with entrenched support from some of the nation’s wealthiest and most influential businesspeople.
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This article Kamala Harris Gets Backing from 866 VCs Representing $276 Billion in Assets originally appeared on Benzinga.com
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