On Wednesday, more than 100 venture capitalists, including entrepreneur Mark Cuban and LinkedIn founder Reid Hoffman, publicly endorsed U.S. Democratic

presidential candidate Kamala Harris. This move serves as a counterbalance to the tech billionaires supporting Republican rival Donald Trump.

In an online petition, the group stated, "We spend our days looking for, investing in, and supporting entrepreneurs who are building the future. We are pro-business, pro-American dream, pro-entrepreneurship, and pro-technological progress. We also believe in democracy as the backbone of our nation. We believe that strong, trustworthy institutions are a feature, not a bug, and that our industry—and every other industry—would collapse without them."

Among the signatories pledging to vote for Harris in the November 5 election were investor Chris Sacca, Katie Stanton of Moxxie, Eva Ho of Fika Ventures, and Rebecca Kaden of Union Square Ventures.

This endorsement comes in response to Trump's support from other prominent Silicon Valley venture capitalists and investors. Notably, Elon Musk, CEO of Tesla, publicly endorsed Trump for the first time following the July 13 assassination attempt on the former president. Additionally, David Sacks, former PayPal COO and a close friend of Musk, has hosted fundraisers for Trump. Photo by Gage Skidmore from Peoria, AZ, United States of America, Wikimedia commons.