"Mahan's supporters have concocted a rather unusual campaign-finance strategy. The pitch: Help us raise $35 million by April 17, and you'll get your money back if we fall short."
"The conditional nature of these donations means they will be anonymous until such time as Team Mahan hits the target and the money is transferred into an official campaign account."
"The campaign is organized by David Crane, an influential California political fixer whose advocacy group, Govern for California, is popular among tech executives."
"Mr. Crane has told people in recent days that the group's 'escrow' account has $13.5 million so far with $5 million more in the pipeline."
Matt Mahan, a gubernatorial candidate in California, has introduced an innovative fundraising strategy to raise $35 million by April 17. Donors will receive their contributions back if Mahan fails to raise enough to be viable before the primary election. This approach allows for anonymous donations until the target is met, appealing to wealthy donors concerned about the competitive nature of the race. The campaign, led by David Crane, has already secured $13.5 million with additional funds expected soon.
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