Saturday, May 4, 2024

PEU Masters Gather to Plot Election Strategy


Venture capital legend David Sachs and multi-CEO Elon Musk hosted an "anti-Biden" dinner, attended by a veritable list of future Bond villains.  The Independent reported:
The guest list reportedly included Peter Thiel, Rupert Murdoch, Michael Milken, Steven Mnuchin and Travis Kalanick.  


The group largely talked about how to defeat Blue Team candidates.  I wonder what new tools these tech gods have access to that can influence an election.  They have gobs of money and enjoy preferred taxation.

Michael Milken is the founding father of the current infestation of private equity underwriters (PEU).  A Presidential pardon wiped clean Milken's conviction for securities fraud.  That was the icing on the cake of a multi-decade image rehabilitation effort.  Milken established the Milken Global Institute to advance worldwide progress and his annual confab has been called the California Davos.  It kicks off Monday.  

In a recent interview Milken described the conference:
Individuals with the capital and influence to change the world connect with those who have the expertise and creativity to reinvent sectors from health, finance, technology, science, and more.
The sponsor list for the 2024 meeting is revealing for its high PEU content.


From platinum to gold to silver it's a legendary PEU list.  
 
Fortunately Jared Kushner and his sponsor Crown Prince Mohamed Bin Salman did not attend the dinner.  That would have opened a black hole in the earth's political crust that few could escape.  Now I know why the billionaire class is so into rockets.  "Achieving escape velocity..."

I frequently close with "Politicians Red and Blue love PEU and increasingly, more are one."  Do I need to change Red to Non-Blue?

Update 5-23-24:  The predatory, want to live forever Red Team billionaire boys are hosting a big Trump47 fundraiser.  It's invitation only:


Update 5-24-24:  Elon Musk predicts AI will take all our jobs and there will be no shortages of goods or services.

Update 6-11-24:  Twitter founder Jack Dorsey warned social media algorithms are robbing people of their free will.
 
Update 6-13-24:  David Sacks funded at least one company accused of being a "pill mill."

Update 6-21-24:  Sacks and company hosted Trump at their "All In" podcast.  


Tax hating VCs as deficit hawks is distinctly American.  
 
Update 7-20-24:  The wankerverse includes a web of live forever tech bros and the shiny new Red Team VP J. D. Vance.  Vance paired these society harming financial predators with the least demonstrable follower of the Gospels, a match made in some place other than heaven.

Update 8-3-24:  As for the rules not applying to the Tech Gods consider two stories.  First, free speech absolutist Elon Musk hamstrings that very thing through SpaceX nondisparagement clauses:

Non-disparagement clauses have become widespread in the tech industry, leading the labor board to rule last year that they aren’t legal in severance packages. In March, the board filed a complaint against SpaceX for using the agreements. In May, OpenAI apologized after reports found that some departing employees were threatened with the loss of their vested equity if they didn’t sign restrictive exit docs. 
Second, Microsoft founder Bill Gates sampled the young female interns to the point the company prohibited female interns from being left alone with him.  
women who were interviewed to work at Gates' private office, Gates Ventures, were asked explicit questions regarding their sexual histories and porn-watching habits. Men who were interviewed for similar positions couldn't recount any such lines of questioning when asked by reporters.
The PEU/TechGods are a class in and of themselves.  And they plan to keep their beneficent status.