Silicon Valley Billionaire Says He’s Backing Trump Again

Doug Leone ran venture capital firm Sequoia from 1996 to 2022.
Silicon Valley Billionaire Says He’s Backing Trump Again
Doug Leone of Sequoia Capital attends Day 2 of TechCrunch Disrupt SF 2013 at San Francisco Design Center San Francisco, Calif., on Sept. 10, 2013. Steve Jennings/Getty Images for TechCrunch
Bill Pan
Bill Pan
Reporter
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Doug Leone, a billionaire investor who renounced his support of President Donald Trump three years ago following the Jan. 6 breach of the U.S. Capitol, will once again back the former president’s reelection campaign.

“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,” Mr. Leone wrote on X on Monday. “Therefore, I am supporting former President Trump in this coming election.”

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