Doug Leone ran venture capital firm Sequoia from 1996 to 2022.
Doug Leone, a billionaire investor who renounced his support of President Donald Trump three years ago following the Jan. 6 breach of the U.S. Capitol, will once again back the former president’s reelection campaign.
“I have become increasingly concerned about the general direction of our country, the state of our broken immigration system, the ballooning deficit, and the foreign policy missteps, among other issues,” Mr. Leone wrote on X on Monday. “Therefore, I am supporting former President Trump in this coming election.”
Mr. Leone ran venture capital firm Sequoia from 1996 to 2022. One of President Trump’s biggest donors in the predominantly progressive Silicon Valley, he joined the Trump administration’s task force of some 200 business leaders in 2020 to advise the White House on reopening America’s economy at the onset of the COVID-19 global pandemic.
In 2021, Mr. Leone condemned the role President Trump played in the Capitol breach, saying that the president has lost him as a supporter.
“The actions of the President and other rally speakers were responsible for inciting the rioters,” he said at that time. “We need to find the best way to move forward as a