Tech investors react to Democrats’ unexpected wins in Texas
Texas, once seen as a haven for tech executives seeking a conservative political climate, experienced a significant shift in the midterm elections. Democrats secured victories for James Talarico in the Senate and Gina Hinojosa for governor, defying expectations and substantial Republican spending supported by figures like Elon Musk.
Several prominent tech investors have publicly expressed disappointment. Elon Musk, CEO of Tesla and SpaceX, quipped on X about the appeal of “data centers in space.” Jason Calacanis, a tech investor and co-host of the “All-In Podcast,” lamented his decision to relocate to Texas, stating, “I never expected Texas to turn blue. Ugh, I moved here to get away from the left lunacy!”
Chamath Palihapitiya, another “All-In” co-host, voiced concerns about the US economy during a livestream, suggesting a potential impact on the AI sector due to power limitations in West Texas.
Alex Cohen, CEO and cofounder of Hello Patient, reacted with a succinct message on X: “RIP AI it was fun while it lasted.”
This marks a significant change for Texas politics, as it hadn’t elected a statewide Democratic candidate since Ann Richards in 1990. Talarico’s victory also represents the first Democratic win in a Texas Senate election since Lloyd Bentsen in 1988.
Not all tech figures reacted negatively; Reid Hoffman, LinkedIn cofounder and Democratic donor, celebrated the election results as a rejection of Trump and his allies.
As of now, some prominent Texas-based tech figures, including David Sacks, Travis Kalanick, and Lane Kasselman, have not commented on the election outcomes.
Source
“Texas just went blue, and the tech bros are sad”
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