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David Sacks: Silicon Valley’s Political Power Player

At the intersection of technology, venture capital, and right-wing politics, the star of tech mogul David Sacks has risen prominently in recent years. From PayPal executive to Trump’s AI & Crypto Czar, Sacks represents a new breed of tech tycoon whose influence extends far beyond Silicon Valley boardrooms into the corridors of political power.

From South Africa to Silicon Valley

Born on May 25, 1972, in Cape Town, South Africa, Sacks followed a path that would eventually lead him to become one of the most influential entrepreneurs in American tech. After immigrating to the United States, he received his education at the University of Chicago Law School, graduating in 1998.

His Silicon Valley journey began in earnest when he joined PayPal in 1999 as Chief Operating Officer. At PayPal, Sacks was instrumental in building key teams and oversaw product management, sales, and marketing functions. This early chapter placed him squarely within what would later be known as the “PayPal Mafia” – a legendary group of executives including Peter Thiel and Elon Musk who went on to found and fund numerous successful tech ventures.

Entrepreneurial Success

Following PayPal’s $1.5 billion acquisition by eBay in 2002, Sacks embarked on a remarkable entrepreneurial journey:

He briefly ventured into Hollywood, producing the critically acclaimed film “Thank You for Smoking” and later “Dalíland”

In 2008, he founded Yammer, an enterprise social networking service that was acquired by Microsoft for $1.2 billion just four years later

As an angel investor, he made early bets on Facebook, Uber, SpaceX, and Airbnb, cementing his reputation for identifying transformative companies

In 2017, Sacks co-founded Craft Ventures, a venture capital firm focused on SaaS and marketplace models that has become a significant player in tech investing

His entrepreneurial success positioned him as a respected voice in Silicon Valley, with insights that extended from product development to company building and investment strategy.

The Twitter Chapter: Musk’s Right-Hand Man

One of the most notable recent chapters in Sacks’ career has been his involvement with Twitter (now X) during and after Elon Musk’s controversial acquisition of the platform in 2022. As part of Musk’s inner circle, Sacks played a pivotal role in advising on the company’s transition.

Effective Altruism and Longtermism are relatively recent (since the late 2000s) twin philosophical movements making the claim that, as a human species, we ought to prioritize impacting the long-term future of humanity — hundreds, thousands, or millions of years from now — over and above any concerns for actual humans alive today. Largely inspired by utilitarianism, it favors questionable metrics like “lives saved per dollar” in its quest to not just do good, but “do the most good.”

Longtermism is an outgrowth of Effective Altruism (EA), a social movement developed by philosophers Peter Singer and William MacAskill. It emphasizes the moral importance of trying to shape the far future, and adherents argue that the long-term consequences of our actions far outweigh their short-term effects because of the potential of vast numbers of future lives. In other words, future people will outnumber us at such a scale that, by comparison to this imaginary future universe, our current-day lives are not very important at all.

It has numerous and powerful adherents among the Silicon Valley elite including Trump bromance Elon Musk, tech billionaire Peter Thiel (who spoke at the RNC in 2016), indicted and disgraced crypto trader Sam Bankman-Fried, Twitter and Square founder Jack Dorsey (who is good friends with Elon), OpenAI‘s CEO Sam Altman, Ethereum founder (and Thiel fellow) Vitalik Buterin, co-founder of Asana Dustin Moskovitz, and others.

Why longtermism resonates with tech oligarchs

The tech-industrial complex is steeped in the idea of longtermism in part because it aligns so well with so many of their values:

technological optimism / techno-utopianism — the belief that technology is the solution to all of humanity’s greatest challenges
risk-taking mindset — venture capital is famous for its high-risk, high-reward mentality
Greatness Thinking — unwavering devotion to an Ayn Randian worldview in which only two groups exist: a small group of otherworldly titans, and everyone else
atomized world — social groups and historical context don’t matter much, because one’s personal individualized contributions are what make real impact on the world

The dubious ethics of effective altruism

Although it positions itself high, high above the heady clouds of moral superiority, EA is yet another in a long line of elaborate excuses for ignoring urgent problems we actually face, in favor of “reallocating resources” towards some long-distant predictively “better” class of people that do not currently exist and will not exist for thousands, millions, or even billions of years. It’s an elaborate excuse framework for “billionaires behaving badly” — who claim to be akin to saints or even gods who are doing the difficult work of “saving humanity,” but in reality are navel-gazing into their vanity projects and stroking each others’ raging narcissism while completely ignoring large, looming actual dangers in the here and now like climate change, systemic inequality, and geopolitical instabillity to name a few.