1/12/2024 0 Comments Mongodb compass apple silicon![]() This isn’t Sacks’ first brush with politics. Some big investors and founders have relocated their companies and/or personal residences to Texas or Florida, while others, such as Sacks, have dug into statewide and local politics in the Bay Area. But since the pandemic, this group has been increasingly energized around the idea that California is fatally broken. Silicon Valley has always had its share of Republicans and libertarians, with the PayPal network making up its center of gravity in recent years. #RecallNewsom- David Sacks August 29, 2021 So the only thing that happens is we send a strong message to the political class: do better. Newsom is scaremongering about what happens if he gets recalled, but in truth, Democrats have a veto-proof majority in the Assembly and a new election is held in 14 months. Now that polls have talk radio host Larry Elder as the leading replacement candidate, Sacks has made clear that he believes a successful recall, regardless of the new governor, is a necessary symbolic gesture to send a message to the state’s political class. Despite having donated over $58,000 to Newsom’s election campaign in 2017, he believes the governor has failed to rise to the challenge of the COVID-19 pandemic and to address issues such as crime, homelessness, fire management and the promotion of business in the state.Įarlier in the summer, on the podcast he co-hosts with Palihapitiya and two fellow venture capitalists, Jason Calacanis and David Friedberg, Sacks said that no clear replacement for Newsom had emerged but that he thought the two Republican Kevins - Faulconer, a former San Diego mayor, and Kiley, an Assembly member from Placer County - could be good options. Sacks did not respond to requests to speak with The Times for this article, but he has voiced his thoughts on the recall push in numerous public statements. Justin Kan, the founder of Twitch who now runs the fund Goat Capital, threw a little over $36,000 into pro-recall PACs this year but has also stayed mum in public.īut one boldface name from the venture capitalist class has not only poured his own money into the cause but also used his many platforms - from tweets and blog posts to television appearances and multiple podcasts - to beat the drum for replacing Newsom, even as the campaign appears to be flagging in the polls and most of his allies in Silicon Valley have fallen away.įor David Sacks, it’s just the latest in a long series of assaults on the establishment.Ĭalifornia Track the millions funding the campaign to recall California’s governor The investor and SPAC billionaire Chamath Palihapitiya donated $100,000 to the signature-gathering effort in January, then publicly flirted with the idea of running to replace Newsom, only to back away from the idea by early February - and largely drop the topic altogether in the months since. Others have less of a track record of mixing it up in politics. Some, such as Accel Partners co-founder Dixon Doll and Doug Leone of Sequoia Capital, are longtime backers of Republican candidates and causes. The largest pro-recall tech donors have stayed quiet about their support and did not respond to requests for comment from The Times. Gavin Newsom.īut a handful of tech investors and entrepreneurs rank among the top donors to the recall cause, alongside Orange County conservative organizations and real estate moguls from across the state. ![]() ![]() ![]() The millionaires and billionaires of California’s tech industry have become reliable donors to Democratic politicians in recent decades, and most cash flowing from Silicon Valley into 2021’s recall race has gone to oppose the recall and support Gov. ![]()
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