How Donald Trump and Silicon Valley, initially a Democrat, developed a romance

How Donald Trump and Silicon Valley, initially a Democrat, developed a romance
How Donald Trump and Silicon Valley, initially a Democrat, developed a romance

A few years ago, the Silicon Valley world was far from pro-Trump. Only 25% of its members voted for the Republican candidate in 2020, recalls The gallery. And, probably, for good reason: 38% of these managers were born abroad. Trump’s pro-American stance was enough to put people off. The fact is that 72% of tech’s political donations go to Democrats, compared to 22% for the Republican camp, according to a study by the nonpartisan group OpenSecretsIt’s no secret that the entrepreneurial network is a goldmine for candidates seeking campaign funds. But the tide has turned.

Beyond the financial aspect, Trump is attracting more and more entrepreneurs with his populist and libertarian discourse. Add to that his opposition to regulation, and the perfect recipe for attracting entrepreneurs is found. While the Republican was persona non grata in the tech world a short time ago, he is making an increasingly comfortable place for himself there. Trump recently pocketed 12 million euros at an event in San Francisco, where he was warmly welcomed by two local investors, David Sacks and Chamath Palihapitiya. These names may not mean much on our side of the Atlantic, but within Silicon Valley, their influence is no longer in doubt.

Let us recall that last March, Trump invited Elon Musk to his table, surrounded by wealthy conservative donors. The Tesla CEO had then denied any donation to a presidential candidate, but their friendly relationship fools no one. Moreover, at the end of May, we learned that Trump was considering placing Musk in an advisory position, if he were re-elected.

Towards an alliance between Trump and Musk within the White House?

Between hope in Trump and rejection of Biden

Tech giants are exhausted by the Biden administration’s regulations. So the Democratic team is preparing antitrust laws – targeting anyone who monopolizes or tries to monopolize a sector – aimed at the masters of AI: Nvidia, Microsoft and OpenAi.

For his part, Trump seduces with his libertarian vision, materializing a freedom of expression without limits and an extremely permissive legal framework for entrepreneurship.

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