Michael Moritz Archive

Billionaire tech investors back ballot initiative to purge homeless people from San Francisco

Sequoia Capital Chairman Michael Moritz and angel investor Ron Conway have donated to San Francisco’s Proposition Q: if passed, “the city would give residents of tent encampments 24 hours’ notice to relocate to a shelter or accept a bus ticket out of town.” Other San Francisco ballot initiatives propose to build houses for homeless people, which is literally the only proven way to …

Billionaire tech investors support divisive plan to ban San Francisco’s homeless camps

The debate over what to do about San Francisco’s homeless population has been building for awhile among the many startups and residents here. But now tech billionaires Ron Conway, Michael Moritz and well-to-do hedge fund manager William Oberndorf have each thrown about $50,000 behind a measure to rid San Francisco of its homeless tent cities. Other notable investors, including Yahoo CEO Marissa Mayer’s husband and venture capitalist …