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Some Silicon Valley venture capitalists have begun to turn against President Joe Biden while openly touting their support for former President Donald Trump — a sea change for an industry that has overwhelmingly supported Democrats in years past.

Prominent moguls such as David Sacks, Chamath Palihapitiya, Marc Andreessen and Shaun Maguire have grown disillusioned with signature Biden policy proposals such as his call for a 25% “billionaire tax” as well as antitrust crackdowns waged by the Federal Trade Commission.

Its impossible to support Biden, Keith Rabois, an early executive at PayPal who also played a role in the growth of LinkedIn, Square and Slide, told The New York Times.

While Rabois said he was not a fan of Trump, he would be “focused on electing a GOP Congress and Senate.”

Tech executives are also unhappy with the stringent regulations imposed on the cryptocurrency sector by Gary Gensler, Biden’s pick to head the Securities and Exchange Commission.

Lina Khan, Biden’s chair of the FTC, has sought to move aggressively against large tech companies that critics say have amassed too much power in the marketplace.

Khan unsuccessfully challenged Microsoft’s $70 billion acquisition of video game maker Activision Blizzard as well as Meta’s attempt to buy virtual reality startup Within.

Last year, the FTC sued Amazon, accusing the e-commerce giant of being a monopoly.

Andreessen, founder of powerhouse VC firm Andreessen Horowitz, recently said there are “real issues” with the Biden administration.

A second Trump administration would be staffed by “very different kinds of people” particularly at the SEC and FTC, Andreessen said in a recent podcast interview.

Ben Horowitz, co-founder of Andreessen Horowitz, wrote in a blog post last year that his company would support any politician who backed “an optimistic technology-enabled future.”

Sacks, the entrepreneur and investor who made his fortune as chief operating officer at PayPal during its early days, plans to host a fundraiser for Trump as well as interview the former president on his “All In” podcast.

After the Jan. 6, 2021 riots at the US Capitol, Sacks said that the incident disqualified Trump from elected office.

But four years of a Biden presidency have changed Sacks’ mind, according to The New York Times.

“I have bigger disagreements with Biden than with Trump,” Sacks was quoted as telling a tech conference last week.

Sacks cited Biden’s tax proposal, which would penalize startup founders who are wont to offer stock options to employees.

Its a good reason for Silicon Valley to think really hard about who it wants to vote for, Sacks told tech investors at the conference.

Last month, Sacks was one of a handful of prominent tech moguls who attended an “anti-Biden” dinner alongside Elon Musk and Peter Thiel.

Palihapitiya, the venture capitalist who was Mark Zuckerberg’s vice president of user growth shortly after the founding of Facebook, has also flipped from backing Democrats in the past to endorsing Trump.

Palihapitiya, the founder of the venture capital firm Social Capital, plans to co-host the fundraiser for Trump alongside Sacks, according to the Times.

Such open expressions of support for Trump was virtually unheard of in Silicon Valley in recent election cycles.

Four years ago you had to issue an apology if you voted for him, Delian Asparouhov, an investor at the Thiel-backed Founders Fund, wrote on his X account.

Shaun Maguire, an investor at Sequoia Capital, has criticized Biden on social media, though he has refrained from directly supporting Trump.

Biden has been getting away with double standards his entire career

3 strike laws for thee but not for me (Hunter)

Keeping classified documents without punishment

And now withholding aid to an ally

Well see what happens this time https://t.co/cUh8qCRbMY

After Biden indicated that the US would withhold certain weapons to Israel in the midst of the war in Gaza, Maguire accused him of “getting away with double standards his entire career” — a reference to the Democrats’ drive to impeach Trump for threatening to withhold aid from Ukraine during his presidency.

“We’ll see what happens this time,” Maguire wrote on his X account on May 9.

The Post has sought comment from the White House.

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Canterbury MP Rosie Duffield quits Labour – criticising Sir Keir Starmer in resignation letter

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Canterbury MP Rosie Duffield quits Labour - criticising Sir Keir Starmer in resignation letter

Canterbury MP Rosie Duffield has resigned from the Labour Party.

The 53-year-old MP is the first to jump ship since the general election and in her resignation letter criticised the prime minister for accepting thousands of pounds worth of gifts.

She told Sir Keir Starmer the reason for leaving now is “the programme of policies you seem determined to stick to”, despite their unpopularity with the electorate and MPs.

In her letter she accused the prime minister and his top team of “sleaze, nepotism and apparent avarice” which are “off the scale”.

“I’m so ashamed of what you and your inner circle have done to tarnish and humiliate our once proud party,” she said.

Rosie Duffield. Pic: UK Parliament/Jessica Taylor/Handout via Reuters
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Rosie Duffield. Pic: UK Parliament/Jessica Taylor/Handout via Reuters

Sir Keir has faced backlash after a Sky News report revealed he had received substantially more freebies than any other MP since becoming Labour leader.

Since December 2019, the prime minister received £107,145 in gifts, benefits, and hospitality – a specific category in parliament’s register of MPs’ interests.

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Ms Duffield, who has previously clashed with the prime minister on gender issues, attacked the government for pursuing “cruel and unnecessary” policies as she resigned the Labour whip.

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She criticised the decision to keep the two-child benefit cap and means-test the winter fuel payment, and accused the prime minister of “hypocrisy” over his acceptance of free gifts from donors.

“Since the change of government in July, the revelations of hypocrisy have been staggering and increasingly outrageous,” she said.

“I cannot put into words how angry I and my colleagues are at your total lack of understanding about how you have made us all appear.”

Ms Duffield also mentioned the recent “treatment of Diane Abbott”, who said she thought she had been barred from standing by Labour ahead of the general election, before Sir Keir said she would be allowed to defend her Hackney North and Stoke Newington seat for the party.

Her relationship with the Labour leadership has long been strained and her decision to quit the party comes after seven other Labour MPs were suspended for rebelling by voting for a motion calling for the two-child benefit cap to be abolished.

“Someone with far-above-average wealth choosing to keep the Conservatives’ two-child limit to benefit payments which entrenches children in poverty, while inexplicably accepting expensive personal gifts of designer suits and glasses costing more than most of those people can grasp – this is entirely undeserving of holding the title of Labour prime minister,” she said.

Ms Duffield said she will continue to represent her constituents as an independent MP, “guided by my core Labour values”.

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King Charles hails ‘uniquely special’ Scotland as it marks Holyrood milestone – before being hugged by woman

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King Charles hails 'uniquely special' Scotland as it marks Holyrood milestone - before being hugged by woman

The King has paid tribute to Scotland as a “uniquely special place” for the Royal Family as he marked the 25th anniversary of the Scottish parliament.

At the ceremony to commemorate a quarter of a century since parliament opened at Holyrood, the King said: “Speaking from a personal perspective, Scotland has always had a uniquely special place in the hearts of my family and myself.

“My beloved grandmother was proudly Scottish, my late mother especially treasured the time spent at Balmoral, and it was there in the most beloved of places, where she chose to spend her final days.”

He said we are all “united by our love of Scotland”, paying tribute to its “natural beauty”, “strength of character”, “diversity of its people”, “passions and frequently deeply held beliefs”.

“From the central belt to the north Highlands, across the islands in Ayrshire, in the Borders, the cities, towns and villages, all the coastal communities, who I wonder, could not fail to be moved by this complex Caledonian kaleidoscope?,” he asked as presiding officer Alison Johnstone and the Queen sat beside him.

After he gave the speech, the King was hugged by a member of the public – who said she did so “because of him being unwell”.

The 75-year-old was diagnosed with cancer in February but has since returned to public duties.

Yvonne Macmillan, 59, from East Renfrewshire, attended the anniversary ceremony with her husband Russell who is registered blind and chosen as a “local hero” for work in their area.

“I asked him if he was feeling better and if I could give him a hug. I actually said to him: ‘Can I hug you?’,” she said.

“As I hugged him I said, ‘God bless you’, so it was like God giving him a hug.”

The King listens to the presiding officer of the Scottish Parliament at Holyrood. Pic: PA
Image:
The King listens to the presiding officer of the Scottish parliament at Holyrood. Pic: PA

Queen Camilla sits alongside the King as he makes his speech on Saturday. Pic: PA
Image:
The Queen sits alongside the King as he makes his speech on Saturday. Pic: PA

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While Sir Tony Blair’s Labour government legislated for Scottish devolution in 1997 – parliament officially opened at Holyrood on 1 July 1999.

The King has made six visits to the parliament since 1999 – while his mother Queen Elizabeth II made 10 visits during her lifetime.

The King arrives at the Scottish Parliament on Saturday. Pic: PA
Image:
The King arrives at the Scottish parliament on Saturday. Pic: PA

Scottish First Minister John Swinney is one of a number of MSPs who have been at Holyrood since the start of devolution.

He said in his own speech in Edinburgh on Saturday that the parliament has “placed itself at the very heart of the nation”, describing it as a “vessel of enlightenment, invention and creativity”.

The King shakes hands with First Minister John Swinney. Pic: PA
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The King shakes hands with First Minister John Swinney in Edinburgh on Saturday. Pic: PA

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The SNP’s Christine Grahame is another MSP who has been there since the start.

“Free tuition, free prescriptions, game-changing policies to tackle child poverty, the ban on smoking, the baby box, ScotRail back in public ownership – none of this would have been possible without the Scottish parliament and the strength of our commitment to self-determination,” she said on Saturday.

The King said the devolved parliament has the ability to “touch and to improve the lives of so many individuals”.

Former first ministers Nicola Strugeon and Humza Yousaf take a selfie as they await the arrival of the King. Pic: PA
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Former first ministers Nicola Sturgeon and Humza Yousaf take a selfie as they wait for the King. Pic: PA

But he added that “there remains much more to be done” for Scotland, the rest of the UK, particularly with regards to climate change.

“Let this moment therefore be the beginning of the next chapter,” he told those assembled.

“The achievement of the past and the commitment shown in the present give us the soundest basis for confidence in the future.”

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Phone thief caught red-handed hours after snatching device from woman’s hand in Croydon

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Phone thief caught red-handed hours after snatching device from woman's hand in Croydon

A moped riding phone thief was caught red-handed after police tracked the device down hours after he snatched it from a woman’s hand.

CCTV footage released by police showed a masked moped rider mount the pavement in Croydon, south London, to swipe a phone from a woman’s hand on 6 March, while another victim had theirs stolen while they waited for a bus an hour later.

Amari Scott, 20, looked surprised when confronted by officers inside a shop, where he was found with two mobile phones.

Amari Scott was caught red-handed. Pic: Met Police
Image:
Amari Scott was caught red-handed. Pic: Met Police

“We’ve just had a moped rob a mobile phone off the pavement and the phone is pinging in this location,” one of the officers told him in body-worn camera footage before Scott was handcuffed and led away.

Police also recovered a stolen motorbike and Scott, from Sutton, south London, was later jailed for four years.

Two teenagers who committed four robberies in the space of just half an hour were also arrested as part of a crackdown in Croydon.

Aged 16 and 17, the teens were issued with referral orders after pleading guilty to charges of robbery, attempted robbery and attempted grievous bodily harm.

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Amari Scott was jailed for four years. Pic: Met Police
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Amari Scott was jailed for four years. Pic: Met Police

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They were behind a spree of eight robberies across Croydon and nearby Bromley, including four within 30 minutes on the morning of 5 August.

Their crimes, which included the knife point robbery of a rough sleeper outside Croydon library, were caught on CCTV.

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One of the teenagers tried to discard a knife before she was arrested after a foot chase, telling officers: “The knife wasn’t mine”.

The other ran away, leaving a knife and his bag, but was lying in bed at home when he was arrested shortly after.

Two teenagers committed four robberies in 30 minutes. Pic: Met Police
Image:
Two teenagers committed four robberies in 30 minutes. Pic: Met Police

The Metropolitan Police said officers are intensifying efforts to tackle robbery and theft, encouraging victims to report incidents as they happen to increase the chances of catching the criminals.

Chief Inspector James Weston said: “We understand the impact that robbery has on victims – it is invasive and frightening.

“That’s why our teams are working so hard to deter and catch offenders to reassure our local community.

“Thanks to the hard work of officers, our partners and community grassroots organisations, we are stepping up our efforts and tackling the issues that matter most to the people of Croydon.”

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