(2024-07-16) Andreessen Horowitz Cofounders Explain Why Theyre Supporting Trump

Andreessen-Horowitz co-founders explain why they're supporting Donald Trump. ...boils down primarily to one major issue – he believes Trump’s policies are much more favorable for tech, specifically for the startup ecosystem.

“We literally [believe] the future of our business, the future of technology, and the future of America is at stake.”

Marc Andreessen and Ben Horowitz explained that tech prowess is one of the three pillars – along with economy and military might—that allowed the U.S. to be the most successful country in the world over the last century.

The pair listed several reasons they believe the Joe Biden administration is stifling startups through overregulation and potentially needless taxation, while Trump would help innovation flourish.

Among other things, the co-founders explained that they don’t agree with the current White House plan to “overregulate” artificial intelligence (GenAI).

Additionally, Andreesen said that, unlike the Biden administration, Trump’s crypto regulation plan is “a flat-out blanket endorsement of the entire space.”

But Biden’s proposal to tax unrealized capital gains is what Andreesen called “the final straw” that forced him to switch from supporting the current president to voting for Trump