Venture capitalists mold Trump's new tech policies (youtube.com)
Sacks position won't be fulltime or whatever, so he can stay CEO of his many startups and companies. This presents a clear conflict of interest, some might say, and how will he navigate that? Sacks is in BitGo, SpaceX, Neuralink, XI, Bitwise, Glean and many others. Unprecedented access by people who have skin in the game. I think none of these companies are publicly traded, unfortunately for the public.
Tumps picks don't all think the same. Diversity of opinion in the administration. Trump likes to make decisions by asking a lot of people a lot of questions, then he decides. Reportedly, in a board room, he would ask What do you think of X and go around the whole room of 20 people asking each person.
Trumps picks have a huge number of business people. Most are bilionaires. They've had success. ‘Step into government, help out, and then step out.’
Larry Page said you can't actually spend a billion dollars. Most of what you buy at that level are capital assets that you sell later. Billionaires' motivation might be different from someone trying to go from $50k to 100k or from $1m to 5m, proposed Friedburg. He'd rather have people from within an industry coming to govern that industry (despite criticisms that they are insiders who can benefit) because at least they're known people, with a reputation, who some of them might try to take the government for $500m but they have to do it publicly and can be outed and shamed, versus the revolving door of contracters/government worker doing it and we can't know or see what's going on.
Professional politicians and beurocrats don't even know the right questions to ask because they've never worked. Chamath.
Trump is the only president whose net worth went down after his presidency. Often they go way up.