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J.D. Vance, former tech VC who worked for Peter Thiel, selected as Trump’s VP nominee
Bay Area Times
July 16, 2024
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Top stories today:
- J.D. Vance, former tech VC, selected as Trump’s VP nominee
- Elon reportedly donating $45M/mo to pro-Trump super PAC
- European startup funding +17% YoY to $16B in Q2
- Global PC shipments +3% YoY to 62.5M units in Q2
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. J.D. Vance, former tech VC who worked for Peter Thiel, selected as Trump’s VP nominee
Vance got support on X from associates of Thiel (who himself doesn’t use social media), including David Sacks, Elon Musk, Delian Asparouhov, and others:
Vance’s Narya VC raised $93M in 2020.
Investments: Rumble, Thrive, others.
2. Elon reportedly says he is donating $45M/mo to pro-Trump super PAC
America PAC, founded in May, so far has gotten $8.5M in donations and disbursed $7.8M in expenditures:
Get-out-the-vote operations in swing states are their focus, with most expenditures going towards In Field Strategies Inc.
Other backers: Joe Lonsdale ($1M), Shaun Maguire ($500K), Winklevoss twins ($250K each).
Other political news
Classified docs case in FL dismissed over constitutional grounds.
Bandaged Trump makes appearance at RNC’s 1st day.
Gunman’s phone unlocked by investigators, but full motives unclear.
Secret Service director calls shooting “unacceptable,” won’t resign.
Biden calls for 5% cap on annual rent increases.
72%: Nate Silver’s Trump odds, with no post-shooting polls.
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