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Billionaire venture capitalist Ben Horowitz has announced a change of heart and plans to make a “significant donation” to groups supporting Vice President Kamala Harris’ candidacy for president.
The turnaround, first reported by Axios, came after Horowitz and his business partner Marc Andreessen made headlines in July for making a large donation to former President Donald Trump’s campaign. President Biden was considered the Democratic nominee at the time.
Mr. Horowitz, co-founder of the venture capital firm Andreessen Horowitz, confirmed his plans to support Ms. Harris financially and released an internal email to the company. “Axios sent out an internal email saying they got it. This is it. This is it. No matter how you characterize it, there is nothing else,” Horowitz posted on X.
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Felicia Horowitz and Ben Horowitz arrive at WACO Theater Center’s 3rd Annual Wearable Art Gala held at the Barker Hangar at Santa Monica Airport on June 1, 2019 in Santa Monica, California. (Greg DeGuire/Getty Images/Getty Images)
In an email titled “Political Updates,” Horowitz wrote that Harris and his wife, Felicia, have known each other for more than 10 years and that Harris has been “a great friend to both of us since then.”
“She has also been a friend of ours since our early days and helped with several events at my home when we built our first Cultural Leadership Fund network,” he wrote. I am. “As a result of our friendship, Felicia and I will be making a significant donation to organizations supporting the Harris-Waltz campaign.”
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Andreessen Horowitz co-founders and partners Ben Horowitz (right) and Felicia Horowitz at the morning Allen & Company Media & Technology Conference in Sun Valley, Idaho, July 10, 2019. Arrived at the session. (Patrick T. Fallon/Bloomberg via Getty Images/Getty Images)
Horowitz wrote with some trepidation about Harris’ position on tech startups, noting that the Biden-Harris administration has been “unusually disruptive in terms of tech policy across industries, but especially with respect to cryptocurrencies/blockchain and It was particularly disruptive when it came to policies related to AI.”
“I have had several conversations with Vice President Harris and her team about their anticipated technology policy, and I am encouraged by their belief in her, but they have yet to say what their technology policy will look like. As such, the company does not intend to update its position “in that regard,” he wrote.
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Ben Horowitz speaks on stage at WIRED25 Summit 2019 – Day 1 at the Commonwealth Club in San Francisco on November 8, 2019. (Philip Farawan/Getty Images for WIRED/Getty Images)
Horowitz said he was “very hopeful” that a potential Harris administration would be more friendly to his “Little Tech agenda.”
Last year, Andreessen Horowitz announced his intention to oppose candidates who “want to disrupt critical technology” while making political contributions to candidates who support “an optimistic future powered by technology.”
In a blog post written in December, Horowitz wrote that the company believes “the best days are ahead for America if we maintain global technology leadership,” but that this is being undermined by “misguided regulatory policies.” He explained that there is a possibility that
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Fox Business’ Eric Revell contributed to this report.
