A Joe Biden win and a blue wave have emerged as the preferred outcome for venture capital investors—earning full-throated endorsements from investors like Revolution CEO Steve Case and donations from the likes of SV Angel founder Ron Conway and Sequoia partner Michael Moritz.
The 2020 elections have struck a nerve with venture capitalists. Political donations from the VC industry have reached a record $69.7 million in the 2020 election cycle as of Oct. 23, according to the Center for Responsive Politics, a nonprofit that tracks campaign finance data. That total was nearly double the previous record of $37 million spent by the industry during the 2016 election.
