The deep-pocketed tech industry of Silicon Valley has historically voted for Democrats. But in the last month, a cadre of tech executives has risen up for Donald Trump, both on the grounds that he will be friendlier to the industry and that President Joe Biden was unfit to serve a second term.
But now that Biden has dropped out of the race and the Democratic Party seems to be coalescing around Kamala Harris, a battle for Silicon Valley’s affection—and donations—could ensue. Harris is from Oakland, and many people perceived her tenure as California’s attorney general as favorable toward the tech industry. Now Silicon Valley appears to be split—and debates will play out both on social media and in tech offices for the months to come.
Trump is backed by Elon, other major tech leaders
It would take a seismic shift for Silicon Valley to actually turn red. In 2020, Santa Clara County, which contains most of Silicon Valley, voted 73 percent for Biden and 25 percent for Trump. (The 2016 numbers were very similar.)And a recent WIRED analysis of campaign contributions found that the venture industry seems to actually be donating to Democrats at a higher rate this cycle than in years past.
But some of the most influential voices in tech have loudly thrown their lot in with Trump, especially since his assassination attempt. Elon Musk and his associate David Sacks have been active on social media in rallying support among tech executives and have been pumping millions into a Super PAC for Trump’s campaign.
The crypto industry, in particular, has embraced Trump, who is scheduled to speak at a Bitcoin conference this weekend. Marc Andreessen, the co-founder of the prominent VC firm a16z, has denounced the Biden administration’s more aggressive approach to tech and crypto regulation, and said that he is backing Trump after supporting Democrats through most election cycles, including in 2016.
And many tech moguls have been further energized by Trump’s vice presidential pick of J.D Vance, who has deep Silicon Valley ties, including working for Peter Thiel. Sacks and the tech investor Chamath Palihapitiya even personally lobbied Trump to pick Vance at a $300,000-a-person dinner, the New York Times reported.
Read More: How the Crypto World Learned to Love Donald Trump, J.D. Vance, and Project 2025
But Harris has a long history with Silicon Valley
But Harris’s history with Silicon Valley could stem the tide. In recent months, many Silicon Valley Democrats sat on the sidelines as Biden’s campaign lost steam: the entrepreneur and venture capitalist Reid Hoffman told WIRED that tech mega-donors had been withholding their donations due to the “turmoil.” But Hoffman sprang back into action following Biden’s exit, calling Harris “the right person at the right time.” Many others immediately joined him: Harris raised over $50 million in less than 24 hours after Biden’s announcement.
Hoffman is one of many Silicon Valley powerhouses who supported Harris during her 2020 presidential campaign, due to her connections with the industry stemming from her time as California’s attorney general. Her 2020 donors included Salesforce co-founder and CEO Marc Benioff (who, with Lynne Benioff, is the owner and co-chair of TIME), Amazon general counsel David Zapolsky, and Microsoft president Brad Smith.
Some observers, in turn, argued that Harris was too favorable to the industry while attorney general. Her time as AG was marked by a mass consolidation in tech towards a few hyper-power companies, which critics argue she did little to stop. In 2012, she forged an agreement with Big Tech titans over privacy protections for smartphone owners, which was largely cheered by the industry. The following year, she participated in the marketing campaign for Sheryl Sandberg’s Lean In while being the law enforcement official responsible for overseeing Facebook.
In contrast, she did wield her position to take an active role in pressuring platforms to ban revenge pornography. And the Biden administration has actually been marked by a hostile relationship with Big Tech, with Biden appointee Lina Khan attempting to use her position at the FTC to break up monopolies. (In a strange twist, J.D. Vance has expressed approval of Khan’s efforts to rein in Big Tech.) Given this trajectory, it’s unclear how friendly Harris will be to the tech industry if she were to assume power.
“Kamala Harris built very close ties to the California-centric Big Tech industry, but much has changed in the last four years,” says Jeff Hauser, the executive director of the Revolving Door Project. “So it’ll be a question of: was she deeply committed to Big Tech, or was that just kind of like, a home state Senator with a home state industry taking the easy way out?”
Some tech execs want an open convention
Then there are those in tech leadership who want to support a Democratic candidate, but are calling for the Democrats to select someone who might have a wider appeal to their industry. Aaron Levie, the CEO of Box, wrote on X that following Biden stepping down, the Democrats could gain votes by becoming the party that is “wildly pro tech, trade, entrepreneurship, immigration, AI.”
Reed Hastings, the executive chairman of Netflix, wrote on X that Democratic delegates “need to pick a swing state winner.” The venture capitalist Vinod Khosla agreed—and said that although he believed Harris could beat Trump, he called for an open convention. “I want an open process at the convention and not a coronation,” he wrote. “The key still is who can best beat Trump above all other priorities.”
