Sunday, June 16, 2024

Two Technology Investors to Host President Trump at June Fundraiser in San Francisco

Tech Investors to Host Fundraiser for Trump in San Francisco

Two High-Profile Tech Investors to Host Fundraiser for Trump in San Francisco

In a surprising turn of events, two high-profile tech investors are set to host a fundraiser for Republican presidential candidate Donald Trump in the deeply Democratic city of San Francisco. Venture capitalists David Sacks and Chamath Palihapitiya, along with Sacks’ wife Jacqueline, will host a reception and dinner with Trump on June 6, according to an invitation seen by Reuters.

The tech industry in San Francisco is known for its left-leaning politics, with the city voting 85% for Democrat Joe Biden in the 2020 election. However, there are also some libertarian and conservative undercurrents in the industry, as evidenced by Sacks and Palihapitiya’s hosting of the “All-in” podcast, where they have expressed conservative viewpoints and critiqued the liberal Silicon Valley culture.

The fundraiser is a clear indication of Trump’s efforts to broaden his coalition and seek out new sources of fundraising. With a price tag of $300,000 per person or $500,000 per couple to be a member of the host committee, and a ‘VIP’ ticket going for $50,000, the event is expected to be a high-dollar affair.

David Sacks, a close friend of billionaire Tesla CEO Elon Musk, has previously hosted Florida Governor Ron DeSantis on social media site X for his presidential announcement. While it is unclear if Musk will attend the fundraiser, Trump did meet with Musk in Florida earlier this year, with Musk later stating that he would not donate money to any presidential candidates this election.

The upcoming fundraiser in San Francisco is sure to spark debate and controversy in the tech industry and beyond, as two prominent investors show their support for the Republican candidate. Stay tuned for more updates on this developing story.

(Reporting by Alexandra Ulmer. Additional reporting by Anna Tong, editing by Ross Colvin and Philippa Fletcher)

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