There’s a reasons for the Silicon Valley libertarian revolution hasn’t materialized: They’re actually an entirely new type of Democrat.
Silicon Valley has become one of the most powerful lobbying forces-out in America, but its bewildered the political establishment with its unconventional loyalties.
Tech CEOs are arguably some of the Democrat biggest fan-boys: In the 2012 general elections, 83 percentage of employee donations from some of the nations top tech firms went to Obama. Among the tech elite, 64 percent of all political gifts from investors and startup founders since 2008 have gone to liberal candidates and causes. Perhaps the most brutal statistic of all: Merely 3 percent of tech startup founders identify as Republican.
This month, I conducted another( smaller) sample poll of Internet founders and their support for Republican was little more than an asterisk .
Most of Silicon Valley, most of the executives, tend to be Democrats, the famously libertarian PayPal billionaire Peter Thiel told me( for The Daily Beast) last year.
But before the Democratic National Committee gets too excited, its not so simple to hunk them in with their liberal peers. Tech titans are the archnemesis of labor unions on a variety of battles, from high-skilled immigration to free trade and union-less public charter schools.