After one of the most hotly contested election in history, both sides of America’s political spectrum have begun to explore new ways to expand their influence. One unique model that is being put forward is that of Reid Hoffman, founder of LinkedIn. The tech billionaire has recently taken the approach of a Silicon Valley investor and adapted it to politics.
“My approach to political investing is the Silicon Valley approach,” Mr. Hoffman, 50, said in an interview. “Find and back powerful entrepreneurs.”Via nytimes.com.
“The venture-style investments include starting a new group, Win the Future, whose self-described goal is to make the Democratic Party relevant again. He also invested $1 million in Cortico, a start-up that encourages online discourse between people with opposing political views. And he invested hundreds of thousands of dollars into Vote.org, which has a goal of getting all eligible Americans to vote; Higher Ground Labs, a start-up for progressive politicians; and the Center on Rural Innovation, which is working for economic improvements in rural areas.”
This approach is helping Hoffman spread the Democrats influence around America, but it may also give investors another advantage. By monitoring Hoffman’s “campaign,” investors can now learn about a whole network of political startups that are ripe for investment. The New York Times article is laden with examples of companies that Hoffman supports. If you are interested in getting involved in the world of startups, or want to learn more about this new approach to politics, read more at nytimes.com.
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