SAN FRANCISCO (Diya TV)-Venture capitalists supporting Vice President Kamala Harris’ presidential candidacy have released survey results outlining their key priorities. The survey, conducted among the 225 signatories of an open letter endorsing Harris, highlights a focus on women’s reproductive rights, climate change, and a supportive stance towards startups.
The survey reveals strong consensus among these investors, who represent a significant portion of the venture capital community. Nearly all respondents expressed opposition to the Supreme Court’s decision to overturn Roe v. Wade, arguing that it impedes women’s ability to compete equally in the workplace. “These are not just social issues; they are business issues,” stated Leslie Feinzaig, CEO of Graham & Walker and initiator of the pledge.
Harris, known for her strong connections in Silicon Valley, is viewed as a progressive candidate with substantial potential to engage with the technology sector. The open letter, titled “VCs for Kamala,” includes prominent figures such as Reid Hoffman of Greylock and Vinod Khosla of Khosla Ventures. This reflects a desire among tech leaders for a return to the Obama-era approach, which actively engaged with the tech industry.
Survey results show that 97% of respondents believe leaders with expertise in technologies like AI and crypto should shape effective regulations. Additionally, 92% support the hiring of more technology talent by the government. Outside the survey, interviews with entrepreneurs reveal a broader desire for adept handling of emerging technologies.
Eric Ries, entrepreneur and author of “The Lean Startup,” emphasized the need for deep expertise in AI technology for both military and civilian applications. Despite the U.S. lagging behind Europe in comprehensive AI legislation, President Joe Biden issued an executive order last year requiring AI developers to report safety measures.
Aaron Levie, CEO of Box, argued that regulating technology applications is more practical than regulating immature AI models. He also highlighted the role of immigration policy in maintaining the U.S.’s leadership in AI. The survey found that 94% of respondents support increasing the availability of high-skilled H-1B visas, which are crucial for tech companies that rely on international talent. There is also a push for a more accessible pathway for startups to go public or be acquired.
Despite these positive signs, some figures in Silicon Valley remain critical of the Democratic administration. President Biden’s Federal Trade Commission (FTC), led by Lina Khan, has aggressively pursued actions against alleged monopolistic practices among tech giants like Amazon and Microsoft. While some, including Hoffman and media veteran Barry Diller, hope for a change in FTC leadership, they have not specified their economic priorities for the next administration. An FTC spokesperson defended Khan’s tenure, stating, “Chair Khan is aggressively using the agency’s authorities to protect consumers and promote competition.”