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Silicon D.C.’s Post-Crash Reckoning

MacKenzie Scott
Philanthropist MacKenzie Scott. Photo: Kevork Djansezian/Getty Images
Theodore Schleifer
June 28, 2022

Silicon Valley sources and friends who have received my midnight texts and emails already know that I’m darting across various time zones this week. While I’m on the road, however, I connected with Puck’s executive editor, Benjamin Landy, to discuss the current mood in political and philanthropic circles following a tech-stock meltdown that has drained the fortunes of some of the nation’s most powerful donors. The following conversation has been lightly edited.


Benjamin Landy: In retrospect, it feels like Silicon Valley’s political ambitions may have peaked alongside Nasdaq, SaaS valuations, crypto, NFTs, and everything else that’s now come crashing down. Is there a fear in Washington that the donor class is also retrenching?