Biden’s Business Donors Are Caught in a Bind

Another day, another barrage of stories about fretful Democratic donors, worried Democratic insiders and a defiant reelection campaign from President Joe Biden. If you’re a liberal Silicon Valley or Hollywood type with strong Biden allegiances and political proclivities, you may find yourself stuck between two playbooks used in business.

One would dictate ignoring Biden’s critics, battening down the hatches and riding out the news cycle. Plenty of business success stories are built on a mentality that you can prove the haters wrong. And that seems to be what Reid Hoffman is doing: He is reportedly standing by Biden amid the onslaught of criticism.