Former President Donald Trump reportedly raised about $12 million on Thursday during a fundraiser with tech entrepreneurs in San Francisco. The fundraiser was held at the home of venture capitalist David Sacks who hosted the event alongside venture capitalist Chamath Palihapitiya.
With the cost of attendance ranging from $50,000 to $500,000, a good number of reputable venture capitalists and crypto investors attended the event.
In a post on X, conservative lawyer and Republican National Committee member Harmeet Dhillon revealed the amount of money Trump raised for his campaign at the event.
“$12M raised tonight! Incredible support for [Trump]. Not an empty seat in the gorgeous home of [David Sacks] and Jacqueline. Thrilled to see the tech leaders stepping up!” Dhillon wrote.
$12M raised tonight! Incredible support for @realDonaldTrump. Not an empty seat in the gorgeous home of @DavidSacks and Jacqueline. Thrilled to see the tech leaders stepping up! pic.twitter.com/r4LIbrh4nA
— Harmeet K. Dhillon (@pnjaban) June 7, 2024
According to Fox News’ sources, Sacks said at the event that the idea of the fundraiser began with Sen. J.D. Vance (R-OH) calling and asking if they could host an event for Trump.
“Without JD’s advice and encouragement, this would never have happened,” Sacks said.
Sacks endorsed Trump in a post on X on the same day the fundraiser was held. In his post, he announced that he chose to support Trump over Biden due to several issues, such as economic policy, immigration, foreign policy and legal fairness.
“My reasons rest on four main issues that I think are vital to American prosperity, security, and stability – issues where the Biden administration has veered badly off course and where I believe President Trump can lead us back,” he wrote before addressing his reasons for backing the Republican presidential candidate.
“President Biden keeps insisting that a return of President Trump to the White House threatens democracy. But his administration is the one that has colluded with tech platforms to censor the Internet, used the intelligence community to cover up his son Hunter’s laptop, and pursued elective prosecutions against his political opponents,” he continued.
In conclusion, the venture capitalist wrote, “The voters have experienced four years of President Trump and four years of President Biden. In tech, we call this an A/B test. With respect to economic policy, foreign policy, border policy, and legal fairness, Trump performed better. He is the President who deserves a second term.”
Why I’m Backing President Trump
As many press accounts have reported, I’m hosting a fundraising event for President Donald J. Trump at my home in San Francisco this evening.
Over the last couple of years, I have hosted events for presidential candidates Ron DeSantis, Vivek…
— David Sacks (@DavidSacks) June 7, 2024
Speaking to Fox News about the event, Trump made a dig at President Joe Biden, saying that the Silicon Valley figures at the event are “very unhappy” with Biden.
“These are brilliant guys — AI guys — these are the guys that are doing all the things you read about. These are just a brilliant group of people. And they can’t relate to Biden because he is a stupid person — and I have a high IQ,” he said, adding, “They don’t like dealing with an IQ that’s like, you know, 1/3 of theirs, because it is a difficult thing when someone has an IQ of 180, it is difficult to deal with a man with an IQ of 70 — or maybe lower. Biden is a very low IQ individual.”
