Venture capital investments could multiply tenfold if China and Taiwan go to war, says a representative from the investment firm America’s Frontier Fund, whose co-founder and CEO sits on the U.S. Intelligence Advisory and State Department Foreign Affairs Policy boards.
“If the China/Taiwan situation happens, some of our investments could 10x, like overnight,” said an America’s Frontier Fund representative identified as “Tom” after a Silicon Valley Bank panel in New York last week, according to audio obtained by watchdog group Tech Inquiry.
The person also said if a product is “only produced in China, for example, and there’s a kinetic event in the Pacific, that would 10x overnight, like no question about it. There’s a couple of different things like that.”
America’s Frontier Fund is backed by former Google CEO Eric Schmidt, who is also helping to fund the salaries of more than two dozen Biden administration officials under the Federation of American Scientists, according to Politico.
The venture capital fund was also co-founded by Gilman Louie, who serves as CEO.
“In addition to his role at America’s Frontier Fund, Gilman is currently the Chairman of the National Intelligence University, Chairman of the Federation of American Scientists, a member of the President’s Intelligence Advisory Board [and] a member of the U.S. Department of State’s Foreign Affairs Policy Board,” America’s Frontier Fund website states.
Some experts warn that war with China, which would put the United States in a difficult foreign policy situation, may not be far off. Four-star Air Force Gen. Mike Minihan said last month that he expects to be at war against China in 2025.
President Biden has repeatedly said the U.S. continues to observe the One China policy, which essentially states America acknowledges China’s position that Taiwan is part of China.
However, the U.S. has been supportive of Taiwan’s quest for independence and democracy, which has increased tensions in that region.