A top Democrat donor issued a statement on Friday urging President Joe Biden to end his re-election campaign as he continues to fall further behind former President Donald Trump in polling.

Billionaire Silicon Valley venture capitalist Michael Moritz — who has given nearly $8 million to pro-Biden and anti-Trump political action committees thus far during the 2024 cycle — said that he will not give any more money to Democrats this cycle if Biden remains the nominee.

“Sadly, President Biden has a choice — vanity or virtue,” he said in a statement to The New York Times. “He can either condemn the country to dark and cruel times or heed the voice of Father Time. The clock has run out.”

“I would vote for Biden, but I would not give another penny to any fund-raising appeals from Democrats,” he added.

Major Democrat donors informed the pro-Biden political action committee Future Forward earlier this month that they will freeze $90 million in donations if the president remains in the presidential race.

The Times, citing “two people who have been briefed on the conversations,” reported that the frozen contributions include eight-figure donations from multiple people. According to the Times, one donor said Future Forward approached him multiple times about a contribution following Biden’s disastrous debate, but the donor said he and others are “holding off.”

A Future Forward adviser reportedly said the Super PAC expected donors who had paused contributions to unfreeze them once the Democrats resolved the uncertainty surrounding Biden’s nomination. The potential blow to Biden’s campaign comes just hours after Biden sought to assuage fears surrounding his mental and physical capabilities by holding a rare solo press conference on Thursday.

“The Young Turks” host Ana Kasparian made it clear that whether President Joe Biden stays in the race or not, she’s not voting for him and has registered Independent over the Democrats power struggle.

Speaking to The Daily Wire’s Cabot Phillips, Kasparian said she’s turned away from the Democrat Party because she’s been sickened after watching 81-year-old Biden’s drive to hold “on to power,” something the Democrats have repeatedly tried to accuse former President Donald Trump of doing.

“Biden has centered his campaign on the idea that Donald Trump must be defeated because if he’s not defeated our democracy is on the line,” Kasparian told the host. “Biden also happens to be the weakest candidate to run up against Donald Trump.”

.@cabot_phillips: “If Joe Biden does remain on the ticket, would you vote for him?”
@AnaKasparian: “No, I would not vote for him…

This entire power struggle that I’m witnessing on the Democratic side made me register as an Independent. I’m disgusted by it.” pic.twitter.com/LWWFOxqVmb

— Daily Wire (@realDailyWire) July 19, 2024

“He [Biden] can’t run on Donald Trump being a threat to Democracy while simultaneously remaining in the race knowing that he is the weakest possible candidate to beat Donald Trump,” she added. “I think that’s a huge problem for the Democrats.”

Phillips then pressed Kasparian, “If Joe Biden does remain on the ticket, would you vote for him?” 

“No, I would not vote for him,” she replied. “This entire power struggle that I’m witnessing on the Democratic side has made me register as an Independent.”

“I’m disgusted by it … we are talking about an 81-year-old — who again is the weakest possible candidate to run against Donald Trump — holding on to power,” she added.

“He’s [Biden] holding on for dear life and what it communicates to me is that there’s more interest in Biden’s power, in maintaining his power, as opposed to doing the right thing and bringing a younger candidate, a more competitive candidate, to actually beat Republicans and Donald Trump,” Kasparian continued.

During last month’s CNN Presidential Debate between Biden and Trump, the president had a disastrous performance as he struggled, rambled and even froze several times during the broadcast.

Following the debate, Hollywood stars and political commentators began calling for Biden to step out of the race. In the time since, the chorus of people saying Biden must drop out has only gotten stronger. 

Earlier this week, Rep. Adam Schiff (D-CA) publicly called on Biden to end his campaign early, saying that the U.S. was “at a crossroads.”

“A second Trump presidency will undermine the very foundation of our democracy, and I have serious concerns about whether the President can defeat Donald Trump in November,” he said.

Related: Ana Kasparian Lauds Shapiro’s Fairness After Being Mocked Again For Speaking With Him