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Startup founders flooded inauguration parties hopeful for dealmaking

January 21, 2025 | by AI

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Tech Titans and Founders: A Weekend of Political Engagement

This past Monday marked an interesting junction between the tech world and politics, as tech moguls like Elon Musk and Mark Zuckerberg attended President Donald Trump’s inauguration. While they took center stage, numerous startup founders were engaging in their own networking endeavors throughout Washington D.C., seeking to engage with the new administration’s key figures.

The Quest for Influence

Isaiah Taylor, founder of Valar Atomics, epitomized this entrepreneurial pursuit. Through a series of social events, Taylor mingled with influential personalities including Sean Spicer and conservative commentator Jordan Peterson. His company’s innovative goal is to leverage nuclear power for creating synthetic hydrocarbon fuel. Taylor’s efforts to connect with Washington insiders paid off significantly; he received three invitations to the exclusive Mar-A-Lago by circulating a well-crafted two-page proposal on nuclear regulation reforms.

“People are like, ‘please tell me, how do we fix this? We need to build things again,’” he reflected on the administration’s eagerness for change.

— Isaiah Taylor

A Weekend of Opportunity

This scene was not unique to Taylor. Across the capital, tech founders were enjoying the fruits of their political networking labors. They attended events such as Snoop Dogg’s performance at David Sacks’ Crypto Ball, a late-night crypto rave hosted by the Milady NFT group, and a “Coronation Ball” held by a publisher associated with Curtis Yarvin, a polarizing figure endorsed by notable names like Marc Andreessen and Peter Thiel.

Navigating Bureaucratic Hurdles

Tyler Sweatt, CEO of defense tech startup Second Front Systems, voiced his frustrations about the opaque nature of federal bureaucracy. Often, identifying the right governmental contact is as challenging as securing lucrative contracts. However, Sweatt felt optimistic after attending high-profile events such as the vice-presidential dinner and Trump’s pre-inauguration candlelight dinner. He sensed a potential alignment between the federal government, big tech, and startups.

“Apolitically, that’s pretty freaking interesting for what could we do as a country,” Sweatt remarked.

— Tyler Sweatt

A Watchful Eye on Policy Changes

At a watch party organized by conservative group American Moment, attendees ranged from congressional staffers in red-tie suits to tech workers in sneakers. Jacob Martin of 2 Punks Capital closely monitored any news regarding Trump possibly pardoning Silk Road founder Ross Ulbricht—a promise made at a Libertarian convention but unfulfilled.

The Ambitions of Crypto Innovators

Martin also expressed regret over missing out on purchasing Trump meme coin during Sacks’ Crypto Ball when trading surged unexpectedly. Despite skepticism about its legitimacy, many profited significantly from it.

“I could have bought. But I didn’t because it was clearly a scam, right?” Martin laughed. “There were people who made hundreds of millions on it.”

— Jacob Martin

Unlocking Opportunities through Government Efficiency

Many founders are hopeful about Musk’s Department of Government Efficiency, anticipating it will create openings for startups to propose innovative solutions to government inefficiencies.

  • James Layfield, CSO of Samplify.ai, developed “DogeProof.com” to offer his company’s software solutions free to government agencies.
  • Rabi Alam, founder of Counter Health, seeks clarity on DOGE’s potential role in enhancing healthcare efficiency while maintaining care quality.

“There’s people who are trying to be in the right room,” Taylor said. “And there are people trying to get the work done.”

— Isaiah Taylor

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Image Credit: RDNE Stock project on Pexels

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