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Raw Story: MAGA billionaire funnels cash to group that 'decries leftists as anti-human'
Raw Story - MAGA billionaire funnels cash to group that 'decries leftists as anti-human'
Matthew Chapman
December 23, 2024 10:43AM ET
/snip/
Specifically, the project is being bankrolled by Marc Andreesen, a venture capital executive who is also advising tech billionaire Elon Musk's "Department of Government Efficiency" task force to recommend trillions of dollars in spending cuts to grants and public programs.
He is partnering with New Founding, an obscure company that earlier this year created a plan to build an isolated right-wing Christian community in Kentucky for people to "disappear from the cultural insanity of the broader country."
New Founding, according to David Jeans, is now setting up "a venture capital fund to invest in what it calls 'aligned companies,' startups that oppose progressive ideologies and are intent on both 'cultural and economic disruption.' It’s one of a small but growing number of VCs vocally rejecting ‘wokeism’ and building their investment thesis on core conservative values."
New Founding "decries leftists as 'anti-human,' celebrates technology as a singular force that will define a new era of prosperity, loves crypto and sees the internet ('deeply American in ethos and design') as a means to its ends. 'Our project offers a powerful avenue,' a manifesto on its website published in July reads, 'both to develop the class of people who can ultimately challenge the incumbent regime and to acquire the resources, territory, and institutions that will enable this effort,'" said the report. Its end goal is to use technology to reshape America along theocratic and pro-MAGA values.
Andreesen, according to the report, invested a "six-figure sum" in the project on a "limited partner" basis.
/snip
Matthew Chapman
December 23, 2024 10:43AM ET
/snip/
Specifically, the project is being bankrolled by Marc Andreesen, a venture capital executive who is also advising tech billionaire Elon Musk's "Department of Government Efficiency" task force to recommend trillions of dollars in spending cuts to grants and public programs.
He is partnering with New Founding, an obscure company that earlier this year created a plan to build an isolated right-wing Christian community in Kentucky for people to "disappear from the cultural insanity of the broader country."
New Founding, according to David Jeans, is now setting up "a venture capital fund to invest in what it calls 'aligned companies,' startups that oppose progressive ideologies and are intent on both 'cultural and economic disruption.' It’s one of a small but growing number of VCs vocally rejecting ‘wokeism’ and building their investment thesis on core conservative values."
New Founding "decries leftists as 'anti-human,' celebrates technology as a singular force that will define a new era of prosperity, loves crypto and sees the internet ('deeply American in ethos and design') as a means to its ends. 'Our project offers a powerful avenue,' a manifesto on its website published in July reads, 'both to develop the class of people who can ultimately challenge the incumbent regime and to acquire the resources, territory, and institutions that will enable this effort,'" said the report. Its end goal is to use technology to reshape America along theocratic and pro-MAGA values.
Andreesen, according to the report, invested a "six-figure sum" in the project on a "limited partner" basis.
/snip
3 replies
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