Overview

• Hoffman said the Democratic Party “really did alienate a section of Silicon Valley” with its attacks on cryptocurrency and Big Tech.
• He warned that this alienation has driven former partners such as Elon Musk toward President Trump.
• As an example, he pointed to Aurora Innovation’s choice to test its first driverless trucks in Texas rather than California because of more favorable regulations.
• He recommended Ezra Klein and Derek Thompson’s book “Abundance” as a guide for Democrats to learn from red-state innovation policies.
• Hoffman stressed that adopting pro-innovation reforms is essential to sustain America’s leadership in scalable technologies.