[Elizabeth Lopatto at The Verge]
"Last week, the founders of venture capital firm Andreessen Horowitz declared their allegiance to Donald Trump in their customary fashion: talking about money on a podcast.
“Sorry, Mom,” Ben Horowitz says in an episode of The Ben & Marc Show. “I know you’re going to be mad at me for this. But, like, we have to do it.”"
No, you don't.
As I've discussed before, investors like Andreessen and Horowitz are putting concerns about crypto regulation and taxation of unrealized gains over a host of social issues that include mass deportations, an increase in death sentences, military police in our cities, and potential ends to contraception and no-fault divorce. It's myopic, selfish, and stupid.
It looks even more so in a world where Trump is reportedly already regretting appointing JD Vance as his Vice Presidential candidate and where Musk has reneged on his $45M a month pledge to a Trump PAC. They come out looking awful.
The progressive thing to do would be to starve their firm: founders who care about those issues should pledge not to let a16z into their rounds, and other VCs should refuse to join rounds where a16z is present. This is likely too much activism for Silicon Valley, but it would send the strong signal that's needed here.
The desire for profit must never trump our duty of care to society's most vulnerable. Agreeing with this statement should be a no-brainer - but we're quickly learning how many would much rather put themselves first.
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