Why more and more VCs are in favor of a Harris presidency

Vice President Kamala Harris has chosen Minnesota Governor Tim Walz (D-Ma.) as her running mate in the 2024 election, according to several reports. Harris is expected to make an official announcement on her vice president pick later today.

As the presidential race shifts into high gear between the Harris and Trump campaigns just three months out from the election, VCs for Kamala founder Leslie Feinzaig sits down with Catalysts to discuss venture capitalists and tech entrepreneurs' sentiments around a Harris presidency.

Feinzaig's organization has accrued over 700 signatures from top business leaders, like entrepreneur Mark Cuban and LinkedIn co-founder Reid Hoffman, pledging their support for Vice President Harris this election.

Feinzaig emphasizes that the 2024 presidential election is "critical" for both the business community and the country. "We need stability to have prosperity," Feinzaig says, noting that businesses are facing serious challenges to not only get off the starting blocks, but also grow and maintain with the ultimate goal of "scal[ing] them to be the next public companies of tomorrow."

Feinzaig adds that this feat is already difficult enough and can't coexist with "an erratic government."

"We can't have an innovation economy that is taking big steps and big risks if we don't have a government we can rely and count on," she tells Yahoo Finance.

Regarding the tech sector, Feinzaig believes Harris has an advantage. She points to Harris's familiarity with Big Tech due to her Silicon Valley background, saying the vice president "appears to be listening" to business leaders. Feinzaig views Harris as a leader with whom companies can "collaborate" with.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Angel Smith

Advertisement