Connect with us


Doug Leone of Sequoia Capital withdraws support for Donald Trump after riot on Capitol Hill




One of Donald Trump’s biggest supporters in Silicon Valley is giving up his support for the president following last week’s riot on Capitol Hill, Recode has learned.

Doug Leone, a billionaire investor who gave Trump a lot of money and even served on a White House task force, is making his first public comments so far on his multi-year support for Trump. Leone, a long-time executive at elite venture capital firm Sequoia Capital, has tried to stay on the low side but has drawn fire for being one of the few big tech figures actively backing Trump.

After the horrific events of the past few weeks, President Trump has lost many of his supporters, including me, Leone said in a statement to Recode. The actions of the president and other speakers at the rally incited rioters. We need to find the best way to move forward as a country, support our newly elected president, and start working on the many difficult issues facing America.

Leones’ conviction is the latest sign that the tech industry is showing less tolerance for Trump after the attempt in recent weeks to avoid certifying the Electoral College vote. Some tech companies have shifted their political giving strategies, and other executives are discussing ways to ensure that Trump supporters or aides are not welcome in the warm embrace of Silicon Valleys.

Despite its liberal sensibilities, Silicon Valley has conservatives, but proud Trump supporters have always been few and far between. Leone stood out for this very reason.

Leone and his wife Patti have donated over $ 700,000 to support Trumps’ re-election campaign, making him one of the biggest contributors to pro-Trump causes in the Bay Area, review finds of the FEC files. They have donated everything from pro-Trump super PACs to the Republican National Committee.

A longtime supporter of the GOP candidates since George W. Bushs’ first presidential campaign, Leone has also recently made large donations to groups supporting Trump allies such as Senator Lindsey Graham and Republicans who have run for office. Senate this month in Georgia.

Leones’ support for the president has gone beyond the simple donor, he has also cultivated ties with the Trump administration. Leone was the only major Silicon Valley figure appointed to a White House task force this spring on the country’s post-pandemic economic recovery. And this summer, Leone reportedly told people he could use his influence with Trump to help TikTok, the Chinese app owned by a Sequoia portfolio company that has spent months amid a regulatory storm.

All of these links make Leones’ statement more meaningful.

Meanwhile, other Silicon Valley Trump supporters remain silent. Peter Thiel, perhaps outweighing the tech industry’s most notorious backer, has not said anything since the election about the results or recent behavior. A spokesperson for Thiel did not return a request for comment last week. Oracle founder Larry Ellison, one of the richest people in the world, organized a fundraiser for Trump earlier this year and got closer to him. An Ellison spokesperson did not return repeated requests for comment.

One of the prominent voices in Silicon Valley urging reconsideration in the business community is actually Leones’ close colleague Michael Moritz, who has donated millions of dollars to support Democrats this round. Moritz and Leone were the two co-executives of Sequoia for years, which likely resulted in heated conversations between them about politics during the Trump years.

Almost five years ago, I tried unsuccessfully to put forward to the business community Mr. Trumps, a past con artist, tyrant, racist, failed entrepreneur and boss, wrote Moritz in a column published Monday in the Financial Times, without mentioning Leone or any specific business leader by name. Many businessmen laughed at this portrayal of Mr. Trump preferring to support him because they liked his policies so much. Their arguments always reminded me of Prussian military leaders and German business tycoons who believed they could control the dark tendencies of a corporal who became a strong politician in the 1920s.

Trump now faces impeachment as some of his staunch supporters like Leone turn on him.

Full statement from Heres Leones to Recode:

I strongly condemn the attack on the United States Capitol and all acts of violence. Attacks on our democracy will not advance our nation, and those who stormed Capitol Hill should be held accountable and prosecuted to the fullest extent of the law. After the horrific events of the past few weeks, President Trump has lost many of his supporters, including me. The actions of the president and other speakers at the rally incited rioters. We need to find the best way to move forward as a country, support our newly elected president, and start working on the many difficult issues facing America.

Support Vox explanatory journalism

Every day at Vox, we aim to answer your most important questions and provide you and our audience around the world with information that lets you understand. Voxs’ work touches more people than ever before, but our distinctive brand of explanatory journalism requires resources. Your financial contribution will not be a donation, but it will allow our staff to continue to provide free articles, videos and podcasts to anyone in need. Please consider making a contribution to Vox today, starting at just $ 3.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]