POLITICO Tech

Silicon Valley elites used to be an ATM for Democrats — and they want it back

Feb 12, 2025
Elena Schneider, a national political reporter for POLITICO, dives into the shifting sands of Silicon Valley's political loyalties. She explores how Democrats, led by Hakeem Jeffries, are making a push to win back tech donors who have leaned towards Trump. Schneider highlights concerns about the absence of conversation on key issues like AI and cryptocurrency, emphasizing the desperate need for a constructive Democratic vision. She also discusses the potential fallout if these influential donors align more with the Republican party.
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INSIGHT

Shifting Sands of Silicon Valley Donations

  • Silicon Valley, long a Democratic stronghold, is seeing a shift in political donations.
  • Democrats face a challenge in retaining the support of wealthy tech donors.
ANECDOTE

Tech Titans Turn to Trump

  • Elon Musk donated substantial funds to support Donald Trump's 2024 campaign.
  • Other tech donors, while giving less, also shifted towards Republican candidates.
INSIGHT

Jeffries' Listening Tour

  • House Democratic Leader Hakeem Jeffries held a listening session with Silicon Valley donors.
  • Jeffries aimed to understand donor concerns and rebuild relationships.
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