Democratic megadonor Alan Patricof: Bloomberg joined too late, 'I'm sticking with Joe Biden'

[highplainsdem]

https://www.cnbc.com/2019/12/13/alan-patricof-bloomberg-joined-too-late-sticking-with-joe-biden.html

Democratic megadonor and venture capitalist Alan Patricof told CNBC on Friday that he’s sticking with former Vice President Joe Biden’s presidential campaign despite billionaire and former New York Mayor Mike Bloomberg’s late entry into the race.

“We all love Mike in New York,” said Patricof, founder and managing director of Greycroft. “If Mike had come out earlier this year, I’m sure a lot of people on Wall Street would have been very supportive.”

-snip-

“The question is, has he come out too late?” Patricof asked, rhetorically, in a “Squawk Box” interview. “I have nothing negative to say about Mike Bloomberg at all,” he added. “It’s just too late for him to be the best candidate.”

Addressing the fact that Biden does not have as much money as Bloomberg and others in the race, Patricof said the former vice president has stayed put atop the national polling and “getting the most bang for his buck.”

-snip-

Patricof has made big bets on presidential candidates before, bundling at least $100,000 for Hillary Clinton’s unsuccessful 2016 Democratic presidential bid, as CNBC previously reported, and helped power the Democrats’ effort to take back the House of Representatives in the 2018 midterm elections.

“I’m sticking with Joe Biden, that’s who I started with and I do think he has the best chance of winning,” Patricof told CNBC on Friday.

This helps counter some of the stories we saw when Bloomberg first announced, predicting that megadonors would flock to him.

[Cha]

1. Bloomberg can be his own

mega donor.

Grateful Alan Patricof is staying with Biden.

Thank you, hpd:

[crazytown]

2. Mike ain't taking donations.

Doesn't need them; doesn't want them, from megadonors or otherwise, supportive or hedging their bets.