Silicon Valley is famously liberal. Then, investors and employees started clashing over race.

Some libertarian, centrist, and right-leaning Silicon Valley investors and executives, who wield outsize influence, power and access to capital, …

“I predict most successful companies will follow Coinbase’s lead. If only because those who don’t are less likely to succeed,” tweeted investor Paul Graham, the founder of Y Combinator, the prestigious tech incubator where Coinbase started. Armstrong’s post was “diplomatically phrased,” Graham wrote, “but the underlying message, for those who grasp it, is anything but.” Graham did not respond to request for comment.