Mike Moritz, a partner at Sequoia, believes that Trump's tech backers are making a grave error.

• In an op-ed in the Financial Times on Monday, Mike Moritz criticized tech investors who have backed Trump.
• Moritz, renowned for his early investments in Google, LinkedIn, and PayPal, pondered why numerous intelligent individuals are willing to "overlook Trump's actions."
• Though his recent contributions have leaned more towards Democrats, Moritz has previously donated to both political parties.

Michael Moritz, a renowned venture capitalist, has declared his support for the leading tech investors ahead of the 2024 presidential election.

In a Financial Times opinion piece published on Monday, Moritz argued that those in the industry who are supporting Donald Trump are making a grave error.

Moritz, who has been with Sequoia Capital since 1986 and made successful investments in companies such as PayPal and LinkedIn, criticized Trump's Silicon Valley supporters as being self-interested and questioned why so many intelligent and successful individuals are willing to "turn a blind eye to Trump."

"Moritz, who left Sequoia last year after more than a decade of management, expressed doubt that any of them would want him as part of an investment syndicate they organized. He questioned why they dismissed his recent criminal conviction as a politically motivated witch-hunt over a simple bookkeeping error."

Elon Musk, CEO of Tesla, publicly endorsed Trump moments after the assassination attempt last month. Other Trump backers include venture capitalists David Sacks and Joe Lonsdale, as well as Doug Leone, Moritz's longtime partner at Sequoia.

Moritz, a senior advisor at Sequoia's wealth management arm, wrote that Trump's tech financiers and supporters were making the same mistake as all powerful people who back authoritarians. He was referring to Trump's conviction earlier this year on 34 felony counts in New York State court. Trump has said he will appeal, and many of his allies have dismissed his trial as a "sham."

Moritz expressed his belief that Trump won't succeed in Silicon Valley in November, citing his poor track record in the region. Many others have also voiced their opposition.

Over 700 people have signed the "VCs for Kamala" pledge, with more than 100 VCs supporting Vice President Kamala Harris as she campaigns to defeat President Trump.

Moritz, with his multibillion-dollar fortune, has been known for his generous donations to charity. In 2013, he was knighted for his philanthropic work. This year, he made a major gift of $4.8 million to American Bridge 21st Century, which is planning a $140 million anti-Trump ad blitz. He has also given to the anti-Trump Lincoln Project.

According to OpenSecrets, his Republican giving included earlier support for Arnold Schwarzenegger, Mitt Romney in 2007, and John Kasich's 2010 and 2014 gubernatorial runs in Ohio.

Wealthy financiers believe that they can control Trump, or they are making a cardinal error by deluding themselves that he will not fulfill his promises.

Authoritarians have not traditionally operated in that manner, he wrote.

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