The blue wave hits Sand Hill Road

Detailed summary

Silicon Valley venture capital, Elon Musk, MAGA tech donors reel as a Democratic blue wave reshapes AI data centers and startup politics.

Ben here. It was a nightmare election night for AI data centers and MAGA tech donors. I’ll share what I’m hearing about the blue wave’s impact on VC. Meanwhile, why did one of the most famous VC firms choose the day after the election to announce the end of Monday partner meetings (gasp) and the closing of its London office? Katie has the details. VCs are paid to predict the future and bet on the right people, so the wager by some VCs to go all in on MAGA now looks like a bad bet after Tuesday’s overwhelming Democratic victory. On X, owned, of course, by GOP megadonor Elon Musk, there were lots of quips about returning to an era of DEI, pronouns, and land acknowledgments.

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