Tuesday, July 19, 2005

Colin Powell for the Democrats in 2008?

Here's a little something that I haven't read much about in the blogosphere. It was announced last week that Colin Powell will be joining Kleiner, Perkins, Caufield & Byers, a venture capital firm, as a limited partner. Powell will basically be functioning as a consultant for the firm, using his diplomatic and policy experience to give them advice about the companies they're considering investing in. But here's the interesting part: John Doerr, the partner who recruited Powell for the firm, is a former registered Republican turned Democratic activist. Mother Jones profiled Doerr in 2001:

A one-time registered Republican, venture capitalist John Doerr sent all his campaign contributions to Democrats during the past election cycle. He allied himself closely with Al Gore, serving as an unofficial adviser on tech issues and organizing a $10,000-per-plate fundraiser for the vice president. [...] Doerr's point of view focuses on the broad goals of the high-tech industry: He wants a free market, plentiful labor, and a growing consumer base. To make sure Silicon Valley is heard in Washington, Doerr founded the bipartisan political action committee TechNet in 1997 to donate large sums to political candidates. Today, TechNet comprises more than 300 high-tech executives -- including 12 donors on the Mother Jones 400 who invested a combined $4 million in national politics. During the last election cycle, TechNet tripled the amount of campaign contributions it made over the previous election cycle.

In other words, Doerr is a serious player on the political scene. Not only that, but according to some industry insiders, it's widely known that Doerr has long been itching to be the inside man on a successful democratic candidacy for the president. Can Doerr convince Powell to run as a Democrat? That would be an awfully tough ticket to beat. Anyone out there heard anything more about this?