Mark Cuban And Other Venture Capitalists Pledge Support For Kamala Harris, Who's On The List?

Many venture capitalists in Silicon Valley and beyond believe that Vice President Kamala Harris could be a tech-friendly president. Some, such as LinkedIn co-founder Reid Hoffman, have already endorsed the Vice President, but now a new pledge is attracting more support. The names on it represent some of the most important and well-funded tech funds. 

While Reid Hoffman and entrepreneur Mark Cuban are at the top of the list, the VCsforKamala website shows over 100 venture capitalists signed up, including Chris Sacca, who has been a guest shark on Cuban's show "Shark Tank." The VCsforKamala initiative was created by Seattle venture capitalist Leslie Feinzaig. The site defines those on the list as venture capital investors, founders, and tech leaders pledging their support for Harris. They describe themselves as pro-business, pro-American dream, pro-entrepreneurship, and pro-technological progress. So far, the list has over 110 signatories representing approximately $150 billion in venture capital.

Don't Miss Out: When today’s AI startups go public, most of the rapid growth will be behind them — here’s how not to get left out.
This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Innovation Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.

One prestigious name on the list is Ron Conway, the head of SV Angel. Conway has been a venture investor since the 1990s. He was also a co-founder of Altos Computer Systems, taking the company public in 1982. SV Angel has invested in Airbnb ABNB, Asana ASAN, Coinbase COIN, Meta META and dozens of other private and public companies. 

Also on the list is Vinod Khosla of Khosla Ventures. He is a longtime entrepreneur and the founding CEO of Sun Microsystems. He formed Khosla Ventures in 2004 and searches for attractive for-profit and social impact companies. Some of the companies that Khosla Ventures invested in and exited include Affirm AFRM, DoorDash DASH, Okta OKTA, and Upstart UPST. 

Another legend in the venture capital world who has signed his name is Brook Byers, a founder at Kleiner Perkins. Byers has been a venture capitalist since 1972, helping to build more than 60 companies. Kleiner Perkins has an alum list that spans some of the most successful companies of all time, including Amazon AMZN and Uber UBER. 

There are many more investors on the list from large and small venture capital firms based not just in Silicon Valley but in cities all around the country. However, not everyone on the list has committed a large amount of campaign financing.

Trending: Don’t miss out on the next NVIDIA – you can invest in the future of AI for only $10.
**This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Innovation Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.

Not all venture capitalists are on Harris' side of the aisle. Elon Musk has famously endorsed Trump. His fellow PayPal PYPL alum Peter Thiel is reportedly on the fence, but Trump's selection of J.D. Vance has made him feel more sanguine about Trump. Other major investors who have declared for Trump include Bill Ackman of Pershing Square and Shaun Maguire of Sequoia Capital, who donated $300,000 to the Trump campaign.

The founders of one of the world’s most prominent venture capital funds, Andreessen Horowitz, also known as a16z, have endorsed former President Donald Trump. Andreessen Horowitz has been famously bullish on cryptocurrency and has backed many of Silicon Valley's biggest successes, including Instacart CART, Roblox RBLX, and Pinterest PINS, as well as Meta, Airbnb, and others. 

As we approach election day, we will likely see more tech luminaries on both sides. Those who favor Harris believe that she will be an ally to large tech companies because of her connections in California. Those who favor Trump believe that he could bring with him a new wave of deregulation that could benefit multiple industries. 

Are You Missing Out On Higher Yields?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider. 

For example, the Jeff Bezos-backed investment platform just launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings. 

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.