Marc Andreessen, Ben Horowitz Say They Plan to Donate to Trump PAC

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Marc Andreessen and Ben Horowitz, who run one of Silicon Valley’s most prominent venture capital firms, have told the firm’s employees in recent days they plan to make large donations to political action committees supporting the election of Donald Trump, people familiar with the matter said.

The planned donations by Andreessen and Horowitz, who run the eponymous VC firm behind influential startups like OpenAI, SpaceX and Anduril, would add to the number of big-name tech investors and executives that have lined up to support the former president. Neither Andreessen or Horowitz have previously said publicly they would support Trump.

The Takeaway

Marc Andreessen and Ben Horowitz are planning to donate to Donald Trump’s re-election, joining a growing number of Silicon Valley figures backing the former president.

It was unclear which PAC the two men would put money behind. The New York Times reported Monday night that venture capitalist Joe Lonsdale would help lead a PAC that is likely to draw support from Elon Musk. The Wall Street Journal reported Musk plans to donate $45 million a month to the PAC.

Andreessen and Horowitz told employees in recent days they expect the Trump administration to more lightly regulate industries like cryptocurrency, in which their firm is heavily invested, said one of the people. Andreessen and Horowitz have donated more than $30 million combined to pro-crypto super PACs over the past year, public records show.

Andreessen on X earlier this month said that the firm would support political candidates who promote policies in favor of startups. Horowitz wrote on a blog post in December: “We are non-partisan, one issue voters: If a candidate supports an optimistic technology-enabled future, we are for them. If they want to choke off important technologies, we are against them.”

Cory Weinberg is deputy bureau chief responsible for finance coverage at The Information. He covers the business of AI, defense and space, and is based in Los Angeles. He has an MBA from Columbia Business School. He can be found on X @coryweinberg. You can reach him on Signal at +1 (561) 818 3915.

Kate Clark is a deputy bureau chief at The Information and the author of the twice-weekly column, Dealmaker. She is based in New York and can be found on Twitter at @KateClarkTweets. You can reach her via Signal at +1 (415)-409-9095.