Major Silicon Valley donor switches support from Biden to Trump

 June 17, 2024

Wealthy Silicon Valley figure Jacob Helberg was once a major left-wing donor, contributing hundreds of thousands of dollars to Joe Biden in 2020.

Yet in a devastating move, Helberg has quit the Democratic Party and is now backing former President Donald Trump. 

Helberg: Democrats got "hijacked by the Squad and woke theology"

According to Breitbart, Helberg discussed his change in politics this past weekend during an interview with Fox Business host Maria Bartiromo.

Bartiromo began by asking her guest why he went from being "a prominent Democrat donor and gave to Biden in his last presidential campaign" to supporting the presumptive Republican nominee.

"Part of what we have seen over the last four years I came from a one-party state and like a lot of people in California and in Silicon Valley, I saw the Democratic Party get hijacked by the Squad and woke theology," Helberg replied.

Helberg donated $1 million to Trump earlier this year

"President Biden campaigned as a moderate and ultimately has governed as a radical progressive," he went on to complain.

"He has spent all of his time catering to his base, and ultimately, he is now completely out of step with where the rest of the country is," Helberg added.

The Washington Post reported last month that the Palantir Technologies adviser has donated $1 million to Trump's campaign. Of that total, $844,600 was provided to the Trump 47 joint fundraising committee.

Helberg was quoted as saying that "Trump was right on a lot of make-or-break issues for America" while "the social cost of supporting Trump isn't as great as it was."

Helberg explained that he "fell in love" with Trump while attending an event at Mar-a-Lago which also featured such figures as Florida Republican Sen. Marco Rubio and New York Republican Rep. Elise Stefanik.

DeSantis primary backer now organizing fundraiser for Trump

The Post observed that Helberg is not the only prominent person in Silicon Valley to lend Trump support, as former tech executive and podcast host David Sacks has done so as well.

Sacks, who previously supported Florida Republican Gov. Ron DeSantis and fellow businessman Vivek Ramaswamy in the GOP primary, is now organizing fundraisers for Trump.

However, the Post noted that many in Silicon Valley are continuing to keep their distance from the former president. Although billionaire venture capitalist Doug Leone gave a quarter million dollars to the Republican National Committee in January, he has not donated to Trump directly.

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