David Sacks warns Silicon Valley to “think really hard” about 2024 candidate

Famed investor David Sacks is sending a warning to Silicon Valley, urging tech leaders to carefully consider their voting choices in the upcoming 2024 election. While he stopped short of formally endorsing a candidate, Sacks emphasized the importance of policy stakes in his recent remarks.

Sacks, known for his influential role in the tech industry as a member of the “PayPal Mafia,” expressed concerns about the potential impact of proposed policies such as taxing unrealized gains. He suggested that such measures could drastically alter the current landscape of Silicon Valley, where stock options and widespread ownership of companies are prevalent.

In a recent conversation at Axios BFD San Francisco, Sacks highlighted the need for tech leaders to think critically about the candidates they support. He pointed to the proposed unrealized gains tax as a key issue that should prompt Silicon Valley to carefully consider their voting decisions.

Sacks, who is known for his right-leaning views and close ties to Elon Musk, recently co-hosted a dinner party for wealthy entrepreneurs opposed to President Joe Biden. While he expressed willingness to engage with candidates from both parties on his podcast, “All In,” Sacks made it clear that he has a preference for former President Donald Trump.

The investor’s latest venture, Glue, an artificial intelligence company for businesses, was also announced on Tuesday. With his influential voice in the tech world, Sacks’ warnings and endorsements are likely to have a significant impact on Silicon Valley’s political landscape leading up to the 2024 election.