Silicon Valley's Cash Remains Cold to White House Hopefuls

[Demeter]

http://www.bloomberg.com/politics/articles/2015-10-30/silicon-valley-s-cash-remains-cold-to-white-house-hopefuls


White House hopefuls have yet to see the depth of Silicon Valley wealth that helped propel Barack Obama to the presidency. Silicon Valley is playing hard to get.

None of the candidates seeking the White House in 2016 has yet been able to unlock and consolidate the vast wealth of tech entrepreneurs and venture capitalists who have pumped tens of millions of dollars into previous elections, according to a new analysis by Crowdpac Inc.

As of Sept. 30, candidates had raised only about $1.92 million from the tech industry, according to Crowdpac, a Palo Alto, California-based group that tracks political contributions. The industry gave another $4.82 million to outside groups in the first half of the year, most of which was made up by Oracle co-founder Larry Ellison’s $3 million donation to the super-PAC backing Republican Marco Rubio.



SILICON VALLEY MONEY MAY BE STYMIED BY BERNIE'S REFUSAL TO SUPER-PAC....MORE