{"id":340964,"date":"2017-05-15T23:10:52","date_gmt":"2017-05-15T15:10:52","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1489969"},"modified":"2017-05-15T23:10:52","modified_gmt":"2017-05-15T15:10:52","slug":"what-venture-capitalists-think-of-trump","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/what-venture-capitalists-think-of-trump\/","title":{"rendered":"What venture capitalists think of Trump"},"content":{"rendered":"

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TechCrunch\u2019s Connie Loizos took\u00a0to the stage at Disrupt NY today with Stuart Ellman from RRE Ventures, Maha Ibrahim from Canaan Partners and Amish Jani of FirstMark Capital to talk about Trump,\u00a0the economy and Uber.<\/p>\n

Apart from Peter Thiel<\/a>, most venture capitalists were adamantly opposed to the idea of a Trump presidency during the U.S. election last year. But now\u00a0that we are a few months into the new administration,\u00a0Loizos asked the panel to discuss\u00a0what the political climate means for their business.<\/p>\n

\u201cI think the tax rates are going to continue to help the stock market in many ways,\u201d said Ellman, who believes\u00a0that the proposed lower corporate taxes will be good for business. He also hopes that the administration follows through on promises for less regulation, which could benefit startups. \u201cThe ability to start companies and have fewer obstacles set in front of you by the government\u201d would be a good thing, he argued.<\/p>\n

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    Amish Jani (FirstMark Capital), Maha Ibrahim (Canaan Partners), and Stuart Ellman (RRE Ventures) at TechCrunch Disrupt NY 2017<\/h3>\n

    Amish Jani (FirstMark Capital), Maha Ibrahim (Canaan Partners), and Stuart Ellman (RRE Ventures) at TechCrunch Disrupt NY 2017<\/p>\n<\/li>\n

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    Amish Jani (FirstMark Capital) at TechCrunch Disrupt NY 2017<\/h3>\n

    Amish Jani (FirstMark Capital) at TechCrunch Disrupt NY 2017<\/p>\n<\/li>\n

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    Stuart Ellman (RRE Ventures) at TechCrunch Disrupt NY 2017<\/h3>\n

    Stuart Ellman (RRE Ventures) at TechCrunch Disrupt NY 2017<\/p>\n<\/li>\n

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    Maha Ibrahim (Canaan Partners) at TechCrunch Disrupt NY 2017<\/h3>\n

    Maha Ibrahim (Canaan Partners) at TechCrunch Disrupt NY 2017<\/p>\n<\/li>\n

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    Connie Loizos<\/h3>\n

    Connie Loizos at TechCrunch Disrupt NY 2017<\/p>\n<\/li>\n

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    Amish Jani (FirstMark Capital), Maha Ibrahim (Canaan Partners), and Stuart Ellman (RRE Ventures) at TechCrunch Disrupt NY 2017<\/h3>\n

    Amish Jani (FirstMark Capital), Maha Ibrahim (Canaan Partners), and Stuart Ellman (RRE Ventures) at TechCrunch Disrupt NY 2017<\/p>\n<\/li>\n

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    Amish Jani (FirstMark Capital) and Maha Ibrahim (Canaan Partners) at TechCrunch Disrupt NY 2017<\/h3>\n

    Amish Jani (FirstMark Capital) and Maha Ibrahim (Canaan Partners) at TechCrunch Disrupt NY 2017<\/p>\n<\/li>\n<\/ol><\/div>\n

    But\u00a0Ibrahim voiced concerns about immigration restrictions, something that we\u2019ve been hearing a lot from venture capitalists and entrepreneurs. A reduction of the H1-B visas used for high-skilled laborers would be a \u201cterrible thing,\u201d she said. \u201cThey live off immigration\u201d in Silicon Valley.<\/p>\n

    Jani echoed her sentiments. \u201cThe catalyst of these businesses are typically immigrants and people from different backgrounds coming here.\u201d<\/p>\n

    Ellman also agreed that immigration is pivotal to the tech community. \u201cTechnology has always been the one place where it\u2019s always about merit\u2026it\u2019s not who you are and not what you\u2019ve done, it\u2019s what you can do.\u201d<\/p>\n

    The panelists were also asked about the health of the startup ecosystem. Lately it has been harder\u00a0for some startups to make it to the next step of funding. Valuations had gotten carried away and there is always the fear of a bust like we saw in the dot-com days.<\/p>\n

    Ellman said he\u2019s \u201cextraordinarily bullish,\u201d but acknowledged that it\u2019s \u201cbeen one of the longest bull markets since 1929,\u201d which often means it\u2019s time for a downturn.<\/p>\n

    \u201cIt\u2019s not a matter of if, but of when,\u201d said Ibrahim, about an impending downward cycle. The industry has been bracing for eventual fallout. But it\u2019s not going to be Uber that goes bust, she predicted. \u201cI don\u2019t think it\u2019s going to fail,\u201d she said, expecting that consumers will continue to use the service.<\/p>\n

    They also acknowledged that advancements in the industry will cause job losses throughout the world.<\/p>\n

    \u201cThere\u2019s no question robotics and artificial intelligence are going to change a large class of jobs,\u201d said Ellman. \u201cHistory shows that technological advantages are going to cause long-term displacement in the labor markets.\u201d<\/p>\n

    Jani agreed that it would cause job loss, but doesn\u2019t think we\u2019ve seen anything like it before. \u201cIt\u2019s happening at a pace that is unprecedented.\u201d<\/p>\n

    Featured Image: TechCrunch<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

    \"\" TechCrunch’s Connie Loizos took\u00a0to the stage at Disrupt NY today with Stuart Ellman from RRE Ventures, Maha Ibrahim from Canaan Partners and Amish Jani of FirstMark Capital to talk about Trump,\u00a0the economy and Uber. Apart from Peter Thiel, most venture capitalists were adamantly opposed to the idea of a Trump presidency during the U.S. election last year. But now\u00a0that we are a few… Read More<\/a><\/p>\n

    \n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

    \"\"\/ <\/p>\n","protected":false},"author":5817,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[59,66,26],"class_list":["post-340964","post","type-post","status-publish","format-standard","hentry","category-technology","tag-media","tag-techcrunch","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/340964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=340964"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/340964\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=340964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=340964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=340964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}