More tech leaders break from Dems, endorse Trump to protect America’s future

A noted technology entrepreneur, who previously supported Democrats, has broken ranks to endorse former president Donald Trump in the Nov. 2024 general election.

The latest defection from the Democrat Party marks another high-profile change of heart from a popular technology and finance expert.

David Marcus, the former president of PayPal and current crypto-coin tech guru, said that his endorsement of Trump marks a 180-degree political change that was driven by the lies which were manufactured to simply prop up “the Dem agenda.”

“This trend of spinning and manufacturing a parallel reality to serve the Dem agenda, solidified by complicit mainstream media, hit home with the Hunter Biden laptop story, the coordinated vilification of President Trump and his followers, and President Biden’s cognitive decline — depriving voters of a voice in a proper primary,” said Marcus via X (formerly Twitter).

Marcus compared the decision to “Crossing the Rubicon,” a descriptive metaphor that means “the point of no return.” 

Other noted tech giants and financiers, led by offbeat tech billionaire Elon Musk, have made similar announcements over the past year. 

Another PayPal alum, David Sacks, in July shared an extensive list of technology investors and entrepreneurs who have also pledged to support Trump. 

Notable amongst the Trump supporters are Marc Andreessen, co-founder of early internet company Netscape, Peter Thiel, a PayPal co-founder and current chairman of Palantir Technologies, and billionaire Bill Ackman, founder and CEO of Pershing Square, a hedge fund. 

Ben Horowitz, a technology entrepreneur and investor, said that getting involved in the presidential election on behalf of Trump was not something he wanted for himself, his firm, his employees, or the companies he invests in. 

“But the future of our business, the future of technology, new technology, and the future of America is literally at stake here if Trump isn’t elected,” said Horowitz in a YouTube video. 

President Joe Biden’s cognitive decline, which was more extensive than has been acknowledged in the media or by Democrat allies who were in contact with the president regularly, also played a part in the newly jaundiced view from Silicon Valley and Wall Street about Democrat intentions. 

Chamath Palihapitiya, a San Francisco venture capitalist who previously donated millions to Democrats, hosted a fundraiser in the City by the Bay for Trump in June.  

After the televised presidential debate the same month, when Biden’s declining mental acuity was on full display, Palihapitiya said it started to make sense why, even though he’d been an “ardent” Biden supporter, he hasn’t been able to get an email response from the White House for six months. 

“All of that is systematically about a group of people that are unelected who are trying to control democracy. And I think that that’s the most troubling takeaway from this,” Palihapitiya said in a podcast, with co-host David Sacks. 

Sacks agreed, saying that Democrats’ only intention is to “loot the Republic” for their own benefit. 

“Let’s just put it plainly. The Democratic Party is a collection of interests who want to remain in power. The Democratic Party is the party of government. Its goal is to allocate money and power from the government to the collection of interests who backed the Democratic Party,” Sacks said.  

The defections from the Democrats have unleashed a torrent of invective by a few, directed at the Biden turncoats-turned Team Trump supporters.  

Roger McNamee, a venture capitalist, who was friends with Horowitz, called Andreessen and Horowitz “antidemocratic.” 

“Really Roger? We’ve known each other for 25 years, you invested in my company, you have my cell #, and your very first idea when we disagree is to attack me in a tweet? Good to know I guess,” said Horowitz. 

In his endorsement of Trump, Marcus said the continuation of unelected officials who control the government with no responsibility to voters would likely continue if Kamala Harris is elected. 

“In this pivotal moment, confronted with the choices we have, I am endorsing and supporting a return to a Republican administration in 2025,” he concluded.