- LinkedIn cofounder and billionaire investor Reid Hoffman is one of the most influential people in Silicon Valley.
- He has spent hundreds of millions of dollars on Democratic candidates and organizations, including the controversial “Win the Future” initiative.
- He considers his activist role to be his obligation.
Like his close friend Peter Thiel, LinkedIn cofounder and Greylock Partners investor Reid Hoffman was invigorated by the election of President Donald Trump — but for the opposite reason.
He has spent hundreds of millions of dollars on Democratic candidates and organizations since Trump has taken office, and he told Business Insider he sees it as his obligation.
Hoffman has been a Democratic donor for a while, having donated $1 million to President Barack Obama’s reelection campaign in 2012, but his hatred for Trump has led him to take a much more prominent role in politics.
This also included his participation in the $500,000 seed round of Zynga founder Marc Pincus’ political initiative Win the Future (WTF), and his role as an adviser to Pincus. Critics on the left, including in outlets like the HuffPost and Vanity Fair, criticized the notion of two tech billionaires who think they know what’s best for the Democrats.
In a recent interview for Business Insider’s podcast “Success! How I Did It,” we asked Hoffman why he thinks taking a more prominent role in politics is a good idea, especially in the context of growing suspicions around the influence of big money on campaigns.
“Well, just because it’s money doesn’t necessarily mean it’s corrupting or challenging. I think with power comes responsibility — it’s essentially Spider-Man ethics,” he said, referencing the guiding principle of the comic book hero. “And money is essentially … power. I try to do a set of investments and things that really enhance human potential, including Read More Here