Sunday, January 4, 2026

Insufferable, Conflicted Sacks is Window into Trump II


Trump II's Crypto/AI czar David Sacks holds stakes in hundreds of AI related companies through Craft Ventures, Valor Equity Partners, direct investments, the Production Board, Beldore Capital, Sequoia and AL Ventures.  

His financial disclosure shows 30 investments with AI in the company name under Craft Venture Funds.
David Sacks is co-founder and partner at Craft.

Sacks recently cited widespread fraud in government programs.


This occurred during an "All In Podcast."  

The country is being "eaten alive" by little people gaming the system.

Wow, I thought VC's new how to analyze financial numbers.  The deficit has been caused by the government spending far more money than it takes in and has done so for decades under both Red and Blue political teams.  


"Stolen money maybe leading to stolen elections."  Really, David?
Silicon Valley poured more than $394.1m into the US presidential election
The latter half of the podcast focused on California's billionaire tax, an upcoming ballot measure.  The measure imposes a 5% tax on assets.  CBS News reported:
Craft Ventures, a venture capital firm co-founded in 2017 by billionaire tech investor David Sacks said on December 31 that it had opened a new office in Austin, Texas. The firm added that Sacks, who also serves as a White House adviser on AI and cryptocurrency, had relocated to Austin earlier that month, although it didn't mention the proposed wealth tax. He had previously resided in San Francisco.
Sacks isn't the only one scoping out new locations:
Peter Thiel announced on Dec. 31 that his private investment firm, Thiel Capital, has opened a Miami office.
Fraud is fraud and should be investigated, with charges brought based on evidence.  Crypto is historically fraught with fraud.  One might expect Sacks to be laser focused in that area, especially has his favored Solana has been a source of frequent "pump and dumps" and "rug pulls."

Trump II has gutted many federal financial investigative bodies.  He has blown through historical ethical norms around public servants declaring and disposing of conflicting assets.  

Trump II's giant money grab for his family and friends is concerning for this independent voter.  That money grab comes with a price, fealty and constant complimenting of the boss.  It also requires giving way to offensive comments, rude actions, manipulative behavior and sexual creepiness by that same boss.  I'm sure the "All In" Crowd thinks it is worth it.

The time will come for them to atone for their earthly behavior.  I'd love to be alive to see that final "All In" Episode.  "How did we do with our time on this plane?"  

Title it:  "TechGods meet the real God."  I doubt the term "winning" comes up.  

And the last shall be first......