On election night at Mar-a-Lago, once and future President Donald Trump milled around a gala with supporters who included Elon Musk and a handful of loyalists from normally deep-Blue Silicon Valley. Palantir Technologies Inc. adviser Jacob Helberg, who attended, described the mood as "electric.”
"People are hopeful for the future. There’s a sense that it’s morning in America again,” he said during a phone interview from Florida on Wednesday. "There’s so much important work to be done ahead of us right now.”
Venture capitalists and technologists who bet early on Trump’s campaign are celebrating, and imagining a Republican presidency that could benefit them in a number of ways. The new administration could provide clearer and more favorable cryptocurrency regulations, skip tax increases on capital gains and take a lighter-touch approach to antitrust — a top VC priority that would allow for more startup acquisitions and investor payouts.
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