Billionaire venture capitalist Doug Leone, a partner at Sequoia Capital who led the firm until 2022, has announced his support for Donald Trump in the upcoming 2024 Presidential election.
This marks a significant reversal from Leone’s previous stance, as he joins a growing number of Silicon Valley power players backing Trump.
Leone’s change in allegiance was revealed in a candid post on X, where he expressed his mounting concerns about the nation’s direction under the Biden regime.
“I have become increasingly worried about the general direction of our country, the state of our shattered immigration system, the ballooning deficit, and a series of foreign policy blunders,” Leone wrote.
“Therefore, I am supporting former President Trump in this coming election,” he added.
I have become increasingly concerned about the general direction of our country, the state of our broken immigration system, the ballooning deficit, and the foreign policy missteps, among other issues. Therefore, I am supporting former President Trump in this coming election.
— doug leone (@dougleone) June 3, 2024
Leone had previously withdrawn his support for Trump following the Stop the Steal protests at the Capitol on January 6, 2021. He told Vox’s Recode that Trump’s conduct during the riots had caused him to lose “many of his supporters, including me,” according to Business Insider.
However, due to recent developments and growing disillusionment with Biden’s administration, Leone has decided to re-endorse Trump. His decision highlights a broader trend within Silicon Valley’s elite, who are rallying behind Trump following his disgraceful felony conviction.
BREAKING: Following the New York conviction, Doug Leone, another venture capitalist BILLIONAIRE has publicly announced his support for Trump. He is also going to pour heavy money into the campaign
— George (@BehizyTweets) June 3, 2024
"I have become increasingly concerned about the general direction of our country,… pic.twitter.com/J8gU284Dj2
