CRV Comes Out Against Trump in New Statement

Screen Shot 2016-09-03 at 7.54.21 PMThe U.S. presidential elections are fast approaching, and a growing number of VCs who’ve historically shied from making taking sides publicly, are tweetingtalking with reporters, and blogging about who they are backing and why. The early-stage venture firm CRV, formerly known as Charles River Ventures, is taking things a step further, having just published a tranquil little piece called “F*ck Trump” about the firm’s rejection of Republican candidate Donald Trump’s “anti-immigration statements.”

We talked with CRV general partner George Zachary earlier this morning about why it bothered.

Democratic candidate Hillary Clinton has a strong lead over Trump in the polls. Why publish this statement right now?

It doesn’t make a difference how he’s doing in the polls. We feel strongly about the topic. Several weeks ago, we had an off-site, where we talked about strategy and where we also talked about the election. And each one of us felt offended by what Donald Trump has been saying, including what he has been saying specifically about immigrants. Your grandparents were Greek. My father came from Greece. This country was built by immigrants. It’s time for us to speak up about it.

His statements have varied over time.

And they’ll continue to vary, but we have to be authentic here and speak up on behalf of the people who come to this country and build. Half the teams we’ve backed were founded by immigrants. Our nine partners come from seven countries.

I was in Cleveland not long ago, where I saw much more Trump support than we see in the Bay Area. You run a business. Don’t you risk alienating people?

More here.

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