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- Doug Leone wrote on X that he will support Donald Trump for president in this year's election.
- Leone previously rebuked Trump, saying he'd incited the riot at the Capitol on January 6th, 2021.
- Leone's endorsement adds him to a growing list of Silicon Valley elites supporting Trump.
Billionaire venture capitalist Doug Leone, a partner at Sequoia Capital who managed the firm until 2022, reversed his previous critiques of Donald Trump on Monday and said he would support the former president and convicted felon's campaign.
He joins a growing list of Silicon Valley elites backing Trump.
"I have become increasingly concerned about the general direction of our country, the state of our broken immigration system, the ballooning deficit, and the foreign policy missteps, among other issues," Leone wrote in a post on X. "Therefore, I am supporting former President Trump in this coming election."
I have become increasingly concerned about the general direction of our country, the state of our broken immigration system, the ballooning deficit, and the foreign policy missteps, among other issues. Therefore, I am supporting former President Trump in this coming election.
— doug leone (@dougleone) June 3, 2024
After the January 6 attack on the Capitol, Leone had previously renounced his support for Trump, saying the former president's behavior during the riots caused him to lose "many of his supporters, including me," Leone said in a statement to Vox's Recode at the time.
The re-endorsement adds Leone to a growing list of Silicon Valley elites who have said they will be backing Trump following his recent felony conviction in New York. Among them are Shaun Maguire, a partner at Sequoia, and billionaire venture capitalist David Sacks.
Leone and representatives for the Trump campaign did not immediately respond to requests for comment from Business Insider.