Silicon Valley investors are quite nostalgic for the Obama administration's White House, but since then, both the Trump and Biden administrations have taken a more critical attitude towards them; 97% of the respondents hope that the new president will have a deep understanding of technologies such as artificial intelligence (AI) and cryptos in order to formulate effective regulations; 91.5% of people believe that the US government needs to recruit more technology talents.
According to the Caixin report on August 28th (Editor Zhao Hao), on Wednesday (August 28th) local time, the website 'VCs for Kamala' released a survey result on venture capitalists.
Overall, these investors believe that US Vice President Kamala Harris is a candidate who understands technology and is willing to interact with the industry. Harris has served as the San Francisco Chief Prosecutor, California Attorney General, and Senator of the state, and is considered a 'local' in Silicon Valley.
Silicon Valley investors are quite nostalgic for the Obama administration's White House, but since then, both the Trump and Biden administrations have taken a more critical attitude towards them. Over 800 venture capitalists have signed a joint letter supporting Harris, with 225 respondents anonymously filling out the survey questionnaire.
Of the 225 respondents, 62% were male, 66% were white, and the majority were between the ages of 35 and 64. The organizers of the survey stated that based on voluntarily disclosed information, 70% of the 225 individuals were Democrats, while the remaining 30% were Republicans or independents.
The results show that 97% of the respondents hope that the new president will have a deep understanding of technologies such as artificial intelligence (AI) and cryptos in order to formulate effective regulations; 91.5% of people believe that the US government needs to recruit more technology talents.
Eric Ries, the author of the essential startup book 'The Lean Startup,' commented, "We need to get the smartest people into the government, because they understand how to deal with military and civilian domains, and know the future direction."
Despite Biden's release of the 'Principles for the Ethical Governance of Artificial Intelligence' last year, the US still lags behind Europe in AI legislation. Aaron Levie, the CEO of the cloud computing company Box, stated that the current regulations should focus on the application of technology rather than immature AI foundational models.
A survey shows that 94% of respondents believe that the United States needs to provide more high-skilled H-1B visas, which is crucial for technology companies that rely on overseas talent, and Silicon Valley also hopes that venture companies can go public or be acquired more easily.
According to reports, the strict regulation of large-scale mergers and acquisitions and artificial intelligence by the Biden administration has angered many people in the American tech industry, giving rise to political divisions within Silicon Valley. There is a view that during the Biden administration, 'Silicon Valley has no friends in Washington.'
The survey also reflects that 98% of respondents believe that a few billionaires cannot represent the entire venture capital and technology industry. The report states, 'Elon Musk, Peter Thiel, and Marc Andreessen cannot represent the industry, and David Sachs and Musk do not represent the views of Silicon Valley.'
In the past two years, relations between some Silicon Valley elites and the Democratic Party have deteriorated, with figures like Musk 'turning right' towards the Republican presidential candidate Trump. As the election approaches, political divisions within Silicon Valley are becoming increasingly pronounced and public.
Reid Hoffman, a long-time supporter of the Democratic Party, has expressed his hope that after Harris takes office, she will replace Lena Khan, the chairwoman of the Federal Trade Commission (FTC), because Lena Khan's radical anti-trust stance has left the business community dissatisfied.
Chris Larsen, the founder of XRP, hopes that Harris can reduce the 'anti-business tendency' of the Biden administration. In addition, 97% of respondents also believe that the Supreme Court's overturning of the 'Roe v. Wade' case was a mistake and hope to legalize abortion.