On election night at Mar-a-Lago, once and future President Donald Trump milled around a gala with supporters who included Elon Musk and a handful of loyalists from normally deep-Blue Silicon Valley. Palantir Technologies Inc. adviser Jacob Helberg, who attended, described the mood as ¡°electric.¡±
¡°People are hopeful for the future. There¡¯s a sense that it¡¯s morning in America again,¡± he said during a phone interview from Florida on Wednesday. ¡°There¡¯s so much important work to be done ahead of us right now.¡±
Venture capitalists and technologists who bet early on Trump¡¯s campaign are celebrating, and imagining a Republican presidency that could benefit them in a number of ways. The new administration could provide clearer and more favorable cryptocurrency regulations, skip tax increases on capital gains and take a lighter-touch approach to antitrust ¡ª a top VC priority that would allow for more startup acquisitions and investor payouts.
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