A Trump presidency would not have an ‘apocalyptic impact’ on tech, says top-tier VC Bill Gurley
A Trump presidency would not have an ‘apocalyptic impact’ on tech, says top-tier VC Bill Gurley
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Aside from Peter Thiel who has publicly supported Donald Trump, many tech leaders have publicly decried the Republication nominee for president, warning that he’s a "disaster for innovation." One Silicon Valley venture firm went so far as to redesign their website to say "F*** Trump" when it loads.
Yet, famed Benchmark investor Bill Gurley doubts there will be much of an "apocalyptic impact" at all. In a Session on Quora, a question-and-answer site, Gurley said Silicon Valley tends to be shielded from decisions made on a federal level.
"Ironically, I happen to think one of the reasons Silicon Valley is so successful is that it is so far from Washington DC! Relative to other industries (finance, telecom, healthcare), technology is one where federal decisions do not have that much absolute impact on day-to-day life here," wrote Gurley, an early investor in Uber, Yelp and OpenTable among others.
There are some issues at a federal level — like net neutrality and H1-B visas for immigrants — that do directly affect tech companies, but Gurley thinks chances are slim regardless that Trump will win the election and become President.
"Obviously, people are excited about things like VISAs and immigration, but I actually doubt there would be any apocalyptic impact. It may be all a silly exercise as Nate Silver says there is very little chance that will happen."
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See Also:
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SEE ALSO: Why Silicon Valley is so terrified of Donald Trump
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August 31, 2016 at 12:00PM
