Tech Gods and PEU Legends joined to support a second Trump presidency. Former President Donald Trump tipped his hat to the Tech Lords with his VP pick of J.D. Vance.
Vance formed Narya Capital with investments from former boss Peter Thiel, Marc Andressen (who recently opened a Washington, DC office) and Eric Schmidt (fresh off suggesting AI steal intellectual property in the U.S. and hire lawyers to "clean up the mess" afterwards.
Narya Capital invested in Rumble in 2021, alongside Peter Thiel. Tech Bishop David Sachs joined the Rumble board in June 2023 after Rumble bought out Callin. Howard Lutnick's Cantor Fitzgerald took Rumble public via an SPAC in September 2022.
"We're done, ladies and gentlemen, catering to Wall Street. We'll commit to the working man."
While J.D. Vance eschews billionaires, his best buddies are one. Trump's transition team co-chair Howard Lutnick couldn't be more Wall Street with his eight CEO positions and stakes in private equity underwriter (PEU) GCM Grosvenor.
Politicians Red and Blue love PEU and increasingly, more are one. A VP slot would be the highest they've achieved.
Update 11-6-24: Jim Chanos wrote on X:
The greatest trick the Devil ever performed is convincing pundits like this that a ticket with a Wharton-educated RE developer who lives in Palm Beach, and a Yale Law-educated venture capitalist, both advised by Wall St/Silicon Valley billionaires, is not the elite Establishment!
