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☆ Venture capital is going to war over the election. Here's the data to prove it.
▼ + stars: | 2024-10-19 | by ( Rob Price | Melia Russell | ) www.businessinsider.com time to read: +10 min

VCs are lobbing cash at the presidential election and key congressional races, FEC data shows. This election cycle, investors at the top venture capital firms have plowed tens of millions of dollars into the election, both backing their favored political candidates and just cannily promoting commercial interests. (The filing deadline for Q3 data for quarterly filing entities was October 15, but this data isn't yet readily available in full online.) Business Insider selected 10 venture capital firms to focus on, taking into account fund size and cultural and industry significance. Sequoia Capital's Doug Leone is one of VC's most prolific GOP-aligned political donors, giving his almost $3.8 million to the National Republican Committee and other causes.

Persons: Reid Hoffman, Kamala Harris, —, hasn't, Andreessen Horowitz, blockchain, Marc Andreessen, Ben Horowitz, a16z, Horowitz, Andreessen, Harris, megadonor Reid Hoffman, Keith Rabois, Kleiner Perkins, Michael Moritz, Shaun Maguire, Joe Manchin, Hoffman, Horowitz Hoffman, Joe Biden, Biden, Nikki Haley, Trump, Vinod Khosla, John Doerr, Doug Leone, Elon Musk, Melia Russell, Rob Price Organizations: Service, Federal, Commission, Yuga Labs, White, Republicans, Founders Fund, SpaceX, Khosla Ventures, Sequoia Capital, Sequoia Heritage, Business, Republican, Lincoln, Democratic, Democratic Party, Democratic Congressional, Sequoia, National Republican, Future Forward PAC, America PAC, Elon, Investors, splashy Hamptons, Harris Victory Fund, Harris Action Fund, Democratic National Committee Locations: Solana, Sequoia, West Virginia, New Hampshire

☆ Peltz, Druckenmiller, Navarro give big to Tim Scott PACs as DeSantis falters
▼ + stars: | 2023-07-31 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

A super PAC backing Republican presidential candidate Sen. Tim Scott, R-S.C. on Monday disclosed major donations from some of the nation's wealthiest business leaders. Between April and June this year, he gave $80,000 to the PAC backing Scott, who only officially entered the race in May. He also gave $15 million to Club for Growth Action, a separate super PAC that is taking on Trump's latest run for president. Rowan donated $250,000 to a different pro-Scott super PAC, Trust In The Mission (TIM) PAC, last quarter. Ben Navarro, a South Carolina businessman and CEO of Sherman Financial Group, donated $5 million to the same committee.

Persons: Sen, Tim Scott, Scott, Nelson Peltz, Jeffrey Yass, Stanley Druckenmiller, Peltz, Trump, Ron DeSantis, GOP megadonor, Druckenmiller, Marc Rowan, Rowan, Ben Navarro Organizations: PAC, Wall Street, Scott Opportunity, Federal, Commission, Trump, Trian Fund Management, Capitol, Florida Gov, GOP, Susquehanna International Group, Scott, for Growth, Opportunity Matters, Hamptons, Apollo Global Management, Trust, Sherman Financial Group Locations: Florida, Yass, South Carolina

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