How J.D. Vance Got Tech Billionaire Backing | Pivot

So, here we have it, here they have. They're trying to buy a presidency, essentially. I, I think Trump doesn't get what just happened with, with J.D. Vance. Uh, let me just take a moment. We talked about him last week. He, his job record is not good in tech, let me just say. Uh, and, and including Steve Case saying he didn't do much, right, when he worked for him. Um, he had a, uh, he had a firm that didn't do well. Uh, he, he had one company took public that's gone bankrupt. Um, he essentially was, you know, it was really interesting because Rachel Maddow did a great thing on him, uh, this week where she basically called him an intern for Peter Thiel. Peter Thiel got him all his jobs and then gave him money to run for Senate, and now has pushed him right into Trump's arms, including getting the, the Senate, um, endorsement, which was critical to him, and then convincing Donald Jr. to press the president for this. So, you know, this has been a Peter Thiel operation the whole time. I, I have to tip my hat to him because I do think he's quite brilliant. Um, not so much David Sacks, but he certainly is. But you know, it's a small group of people. They put up a list of them, David Sacks did, and it's all like the Winklevosses and a bunch of other... (sighs) This Sean Maguire person who never shuts up. Um, is it VC? It's all these unpleasant VCs and, um, (smacks lips) when you, th- the, The Information did a, a poll of voters, uh, in Silicon Valley and it was overwhelmingly Biden over Trump, the average people, um, and startup people and this and that. It's mostly these incredibly afflicted, uh, VCs who think they're victims. Um, so you know, and there's, there's, there's others on the other side. Obviously, um, Reid Hoffman, Mark Cuban, et cetera, et cetera. Quietly, Sheryl Sandberg.

It is a dramatic shift red because in past, I think the past couple presidential elections, you've had like 80 plus percent of the dollar volume coming out of the valley has gone Democratic. These are real players. The thing that struck me was that I found it, a couple things. One, for Sequoia and Andreessen to come out and be this political overtly, um, must mean that they have such extraordinary, they feel they have such extraordinary upside probably around Bitcoin, probably around some sort of dialogue they've had with, with President Trump that if he's elected, he's gonna do something that, that totally legitimizes or integrates Bitcoin technology into whatever, the Federal Reserve or fiscal planning or some sort of monetary policy that would take the price of Bitcoin and crypto so far up that they've decided it's worth the risk. Because what I gotta think here is if I'm... Sequoia has like Ottawa Teachers-

Yeah.

... or the state pension fund from Michigan as limited partners. I gotta think right away they got letters saying, "Okay, let's be clear. We gave you money to get an above market return investing in startups."