"For San Jose Mayor Matt Mahan to compete as a late entrant in the race for California governor, political experts said he needed to raise money fast. And he did pulling in $7 million in donations in his first week, with more than $2 million coming from some of Silicon Valley's wealthiest executives and investors. New campaign filings show that $2.1 million of that haul came from 47 donors, many of them part of the tech industry's billionaire and venture capital class."
"Nearly half of the contributors listed in the filings, released Tuesday, gave the maximum $78,400 allowed under state law for the election cycle. They include Google co-founder Sergey Brin, Roblox CEO David Baszucki, billionaire real estate developer Rick Caruso and Y Combinator CEO Gary Tan. Caruso called Mahan a practically minded moderate and a thoughtful leader brimming with innovative new ideas in a statement last month."
Mahan raised $7 million in his first week after entering the governor's race late, with $2.1 million coming from 47 donors, many from Silicon Valley's billionaire and venture capital class. Nearly half of those contributors gave the maximum $78,400 allowed under state law. Named donors include Sergey Brin, David Baszucki, Rick Caruso and Gary Tan. Mahan is a 43-year-old moderate Democrat and former tech entrepreneur who emphasizes crime reduction, homelessness solutions and government efficiency. The early haul positions him as a preferred choice for deep-pocketed tech leaders and sharpens tensions in a Democratic primary attentive to corporate power and wealth concentration. Campaign filings make small-dollar totals unclear.
Read at www.mercurynews.com
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