Even conservative executives are fed up with tariffs, DOGE, and "crypto bro schemes"

Summary

Tech leaders who once backed Trump are fed up as his second term descends into chaos.

Venture capitalists and startup founders complain about erratic policies and feel burned by crypto bro schemes like $Trump coin, which tanked after launch.

Appointing David Sacks as “crypto czar” only fueled suspicions of cronyism, while proposed defense budget cuts leave companies like Anduril and Palantir reeling.

Even billionaire allies like Jeff Bezos are souring as tariffs and economic uncertainty hit their bottom line. “Everyone is annoyed,” says one disillusioned founder.

  • talEnglish
    32·
    27 days ago

    Several Silicon Valley executives I spoke to — some of whom requested anonymity for fear of retribution — echoed this sense of disappointment, in particular at the havoc the Department of Government Efficiency has wreaked throughout the federal government. “We were all on board for a more business-friendly presidency, but in the end, the whole industry of crypto and AI got rug pulled,” says the partner of a top-tier venture firm directly involved in the Trump administration. “The people surrounding Trump are all scamsters. They are getting rich off our votes, our dollars, and our time.”

    Well, there was an unforseeable outcome. Trump was so known for keeping salubrious company in the past.

    • rocket_dragon@lemmy.dbzer0.comEnglish
      7·
      27 days ago

      “We were all on board for a more business-friendly presidency

      “More business-friendly presidency” is WILD.

      Nearly every presidency of the last century has been pro-business, anti-worker. Federal protections for workers are nearly non-existent. Federal minimum wage is a joke. Wealth inequality is hitting all-time records.

      Oligarch ghouls are so high in their ivory tower they have now clue how ordinary families on the ground are struggling.