Doug Leone, CEO of Sequoia Capital

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Billionaire venture capitalist Doug Leone was, until recently, one of Silicon Valley’s staunchest Trump supporters. Now, the managing partner at the prestigious venture firm Sequoia has abandoned him.

Leone joins a growing chorus of other conservative billionaires and tech CEOs in denouncing the president’s role in fomenting last week’s Capitol Hill insurrection.

“After last week’s horrific events, President Trump lost many of his supporters, including me,” Leone wrote in a statement emailed to Insider, exactly a week after pro-Trump rioters stormed the Capitol and halted Congress’s certification of the 2020 election last Wednesday. 

“The actions of the President and other rally speakers were responsible for inciting the rioters. We need to find the best way to move forward as a country, get behind our newly-elected President, and start working on the many difficult issues facing America,” he said.

Leone’s condemnation of Trump is a stark shift from the last two years, during which he donated over $100,000 to the president’s 2020 reelection efforts and developed deep ties with top administration officials. (Leone has donated to many Republicans including at least $2,700 in 2018 to Josh Hawley, the Republican Senator from Missouri who voted against certifying the election results after the …read more

Source:: Businessinsider – Politics


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