Even though she's widely preferred over her rival by the tech industry, Silicon Valley shouldn't get too excited about the prospect of Hillary Clinton in the White House, said one well-known venture capitalist.
If she prevails over Donald Trump next month, her cabinet and office appointments are likely to be less concerned with helping tech than pleasing specific democratic constituencies, whose interests often conflict with Silicon Valley, said investor Bradley Tusk, CEO of Tusk Holdings.
Some of the big issues Silicon Valley wants addressed include immigration reform, new regulations for autonomous vehicles, and worker reclassification to jumpstart the so-called gig economy, said Tusk, a former aide to New York City Mayor Michael Bloomberg who now specializes in helping startups navigate regulatory environments.
The first issue — visa reform to allow more high-skilled workers into the U.S. — is unlikely to come quickly, because Democrats in Congress will push for comprehensive immigration reform, Tusk said, a much bigger legislative endeavor that failed when it was last introduced in Congress in 2007.
Companies like Apple, Alphabet, Amazon, Facebook and Microsoft need a lot of engineering talent, and would like to see the government issue more H-1B visas to let more workers into the U.S. and allow them to stay.
"I think they're going to have trouble on that issue," said Tusk.