Andreessen and Horowitz Back Trump PACs

Prominent venture capitalists Marc Andreessen and Ben Horowitz are planning to donate to political action committees supporting Donald Trump's 2024 presidential campaign. This move marks a significant political shift for the duo, who have historically leaned Democratic. Their support for Trump is driven by his favorable stance on technology, particularly in areas like cryptocurrency and AI, which they believe will foster innovation and growth. The donations will be personal contributions and not from their firm, Andreessen Horowitz. This aligns them with other tech magnates like Elon Musk and the Winklevoss twins, who are also backing Trump due to concerns over regulatory policies under the Biden administration. The announcement will be further detailed in an upcoming podcast episode by the investors.