Another prominent name with deep political connections is calling on President Joe Biden to exit stage left.

"I would tell him to step down so he doesn't have to withdraw," Tusk Venture Partners founder and CEO Bradley Tusk told Yahoo Finance Executive Editor Brian Sozzi on his Opening Bid podcast (see the video above or listen here). Tusk thinks the odds of Biden winning the presidential election in November are "very, very low."

Tusk has longstanding ties to the Democratic party.

He was Chuck Schumer's former communications director and the former deputy governor of Illinois. He also worked as billionaire Michael Bloomberg's campaign manager for his 2009 New York City mayoral run and a strategist for Andrew Yang's 2021 mayoral run.

He's now a venture capitalist who gained notoriety among investors for an early bet on ridesharing platform Uber (UBER).

"If [Biden] runs and loses, his reputation will be destroyed," Tusk said.

Following Biden’s dismal performance against former President Donald Trump at the June 18 debate, during which he appeared to struggle physically and mentally, doubts about whether he should continue campaigning have intensified.

Members of his own party, wealthy donors, and celebrities such as George Clooney have joined the chorus calling for him to quit the race for another four-year term.

Despite the naysayers, Biden has continued to work the campaign trail.

Read more: White House: Trump's plan to end income taxes would require tariffs 'much larger than 70%'

In a July 8 episode of MSNBC’s “Morning Joe,” Biden called in and said his recent travels and discussions with voters revealed he still has the support of Americans.

“I wanted to make sure voters still want Joe Biden,” he said. “I don’t care what millionaires say,” he continued. “I want their support, but that’s not why I’m running.”

Biden doubled down on his desire to stay in the race in a highly watched evening press conference on Thursday following NATO meetings. He told reporters he wasn't concerned about his legacy, rather finishing his job of improving the economy and fighting for abortion rights.

But the day wasn't without the types of gaffes that have fueled the calls for an exit.

The Trump camp appeared to taunt Biden after he mistakenly called Vice President Kamala Harris “Vice President Trump” and Ukrainian President Volodymyr Zelensky “President Putin” on Thursday.

Tusk sees Biden's legacy as potentially tarnished if he stays in the race.

If Biden runs and loses, he risks being remembered “solely as the guy who was too selfish to recognize he was too old to be president and lost to Trump,” he said.

An exit wouldn’t be all bad, Tusk reminds Biden.

Biden could pivot by withdrawing to be there for his son, Hunter, with a carrot or caveat of Hunter being pardoned.

Biden's son was recently found guilty on all three counts related to his lying about illegal drug use when he purchased a handgun in 2018.

“I think people could at least understand that,” said Tusk. “That could at least be the incentive you could give him.”

Three times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled, market-focused conversations and chats with the biggest names in business on Opening Bid. Find more episodes on our video hub. Watch on your preferred streaming service. Or listen and subscribe on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.

In the below Opening Bid episode, Goldman Sachs portfolio manager Brook Dane shares why investor confidence hasn't been shaken despite a heated election cycle. He also reveals his top tech plays amid the tumultuous backdrop.

Click here for in-depth analysis of the latest stock market news and events moving stock prices

Read the latest financial and business news from Yahoo Finance