Not long ago, it would have seemed far-fetched for former President Donald Trump to gain support in regions dominated by tech elites. But that dynamic appears to be changing. Just last week, Trump made a headline-grabbing appearance in one of the most unexpected places: San Francisco’s affluent Pacific Heights neighborhood—an area often considered the political turf of former House Speaker Nancy Pelosi. He was in town for a major fundraiser that reportedly pulled in an eye-popping $12 million.

The exclusive event was hosted by two heavyweights in the tech and venture capital world—David Sacks and Chamath Palihapitiya—both of whom are influential investors and co-hosts of the widely-followed “All-In” podcast. Held at their private residence, the fundraiser drew a well-heeled crowd, including top venture capitalists and key players in the crypto space. Ticket prices reportedly ranged from $50,000 to $500,000, depending on the tier of benefits offered to attendees.

Republican National Committee member Harmeet Dhillon, who was at the event, remarked that Trump seemed “relaxed, happy, and cracking jokes about artificial intelligence.” The upbeat mood suggested a strategic attempt by Trump to connect with a broader, more diverse audience—including the traditionally skeptical Silicon Valley crowd.

The event marks a potential turning point, as Trump appears to be gaining new ground and forging relationships within the tech and venture capital communities—circles that were once considered out of reach for the former president.