Election Anxiety Isn’t Stopping VC Firms From Making Deals
Venture capitalists and tech industry leaders have been more vocal in this election than usual, and despite their anxiety over its results they are still getting deals done.
“Most VCs and tech entrepreneurs are optimists—they have to be,” says Newark Venture Partners managing partner Thomas Wisniewski. “They need to believe they are unstoppable, that success is inevitable, that even if the economy tanks, and the market crashes...that it won’t matter.”
That optimism is pushing venture capitalists to deploy capital undaunted by the election, even though the tech sector largely came out against Donald Trump on immigration and free trade in a July open letter, the Wall Street Journal reports.
That doesn’t mean tech leaders aren’t anxious—on the contrary, industry players say they are just as interested as everyone else, but they aren't allowing their interest and anxiety to paralyze them. [WSJ]
