News Scrap

After the podcast where Ben Horowitz repeatedly congratulated himself for being brave enough to support Donald Trump in public, it turns out Horowitz will also be donating to Kamala Harris. Or so he says.

“As I mentioned before, Felicia and I have known Vice President Harris for over 10 years and she has been a great friend to both of us during that time,” Horowitz wrote in an email to his venture capital firm obtained by Axios. “As a result of our friendship, Felicia and I will be making a significant donation to entities who support the Harris Walz campaign.”

I… listen. Two things. First, one of the most striking things about the podcast Horowitz made with his a16z co-founder Marc Andreessen was how focused both men were on who’d take their meetings. Their political commitments, in many respects, boiled down to who would spend face time with them. Near the end of the podcast, Horowitz told what was (I think?) supposed to be a heartwarming story about hanging out with Trump’s grandkids — and how his reaction to hearing about the assassination attempt on Trump was, “Oh my god, Grandpa just got shot.”

So, you know, the whole thing where Harris has been “a great friend” to both Horowitz and his wife checks out as a political position for him. In some respects, I get it. I too want to see my friends succeed!

But second, that crucial Trump endorsement was made before Joe Biden dropped out of the presidential race in favor of Harris, and before the enormous outpouring of support for the new Democratic candidate. That meant a16z had already sacrificed any leverage it might have with a Harris administration — and a candidate who made Trump look like less of a sure winner. In the case of a Harris win, these boys were looking at an entire four years without important meetings, and we already know they view that as a dreadful tragedy for the entire nation.

In order to regain any possibility of leverage in a potentially Democrat-led government, someone was going to have to eat humble pie, and it sure as shit wasn’t going to be Andreessen. Horowitz, whose support for Trump was termed a “Maga U-turn” by The San Francisco Standard, has a history of donating to progressive causes; Harris, then a senator, was even a guest at a Horowitz backyard barbecue in 2018.

“I’m just wondering what they’re gonna do when Kamala wins,” one founder told The San Francisco Standard of the a16z Trump endorsement. “Like, how do you walk that back?”

Well, I guess we know now. Horowitz’s email says that he’s had several conversations with Harris and her team — crucial to note here that he got to the candidate herself, given that access is apparently one of Horowitz’s main political concerns. And so while Horowitz still thinks President Joe Biden is no-good and very bad, he is “encouraged by my belief” in Harris to do good for tech, despite the fact that she has not yet staked out any policy positions.

Harris has sort of made overtures on what Horowitz termed “probably the most emotional topic” in the election: crypto. One of her campaign aides has said, “She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” in response to a question about crypto.

Anyway, someone ought to do a wellness check on David Sacks — looks like his VC cabal is cracking.