A billionaire venture capitalist and partner at Sequoia Capital has blasted the state of San Francisco’s seedy, drug-addled downtown — lambasting the city’s Democrat leadership which “bans plastic straws but permits plastic needles.”
“It’s a strange city that bans plastic straws but permits plastic needles. Yet that’s San Francisco today,” Michael Moritz, 68, seethed in a fiery op-ed published in the Financial Times Wednesday.
“Between 2020 and 2022, 1,985 people here have died from drug overdoses compared to 1,143 from Covid-19,” he added.
The former journalist-turned-investor said rampant and unchecked drug-use has turned the City by the Bay in a “zombie” land.
“Fentanyl, the synthetic drug that is 50 times more powerful than and a fraction of the cost of heroin, has turned many blocks of the city into zombie zones,” Moritz wrote.