Prior to last week, only highly specialized political insiders knew the extent of David Sacks' influence in the Trump White House: tech policy hawks, lobbyists, reporters, and right-wing operatives infuriated that the billionaire venture capitalist was turning Donald Trump toward artificial intelligence and against the interests of the MAGA base.
While the company has been working hard to garner trust in the community and distance itself from California Forever, Esmeralda shares similarities with the Solano-based company. Like California Forever CEO Jan Sramek, Zuegel worked in Silicon Valley, including at the software developer platform Github and blockchain company Bloom Protocol. And similar to California Forever's experience in Solano County, residents in Cloverdale raised questions about Esmeralda's investors. Rumors circulated early on, claiming Esmeralda is backed by venture capitalist Peter Thiel. While Zuegel has refuted that rumor and denied any relations to the conservative libertarian, she has declined to reveal the identities of the project's 19 backers. When the question came up during a project open house in October, Zuegel was nonspecific, saying they "tend to actually be private individuals who live in the Bay Area."
The 23-year-old's career didn't exactly start auspiciously: He spent time at the philanthropy arm of Sam Bankman-Fried's now-bankrupt FTX cryptocurrency exchange before a controversial year at OpenAI, where he was ultimately fired. Then, just two months after being booted out of the most influential company in AI, he penned an AI manifesto that went viral-President Trump's daughter Ivanka even praised it on social media-and used it as a launching pad for a hedge fund that now manages more than $1.5 billion.