Mahan continues to fail working Californians by catering to tech billionaires and wealthy special interest groups
THE FACTS
Mahan has 25 Billionaires Backing his Campaign and has Built His Campaign On The Backs Of MAGA Donors And Elon Musk Allies. His donors represent Silicon Valley's most controversial corners: crypto, defense contracting, cybersecurity, venture capital, and gaming. Mahan has accepted $78,400 from David Marcus, a crypto founder who donated $500,000 to the Trump 47 Committee, $78,400 from Joe Lonsdale, a Palantir co-founder and Peter Thiel ally who poured $1,000,000 into Elon Musk's America PAC to support Trump's 2024 campaign, and $156,800 combined from John and Alexandra Hering, close friends and advisors to Elon Musk who gave another $500,000 to America PAC. [Cal-access.org, accessed 4/28/26]
Mahan has taken money from the AI defense industry including from Palantir co-founder Joe Lonsdale and Anduril co-founder Matthew Grimm. In addition, Mahan has taken money from:
- the gambling industry and card rooms;
- corporate developers, real estate executives, and hospitality executives;
- fossil fuel industry.
- gig economy company executives like Doordash’s founder Tony Xu, co-founder Stanley Tang, and Corporate Affairs Chief Elizabeth Jarvis-Shean.
Matt Mahan's Two Independent Expenditure Committees, California Back To Basics Supporting Matt Mahan For Governor 2026 And Deliver For California And Matt Mahan For Governor 2026, Have Raised A Combined $30 Million. The committees are funded overwhelmingly by Silicon Valley venture capitalists, tech executives, crypto investors, and real estate interests. Major donors include Michael Moritz of Sequoia Heritage ($3 million), Reed Hastings ($2 million), Rick Caruso ($1.5 million), the Govern for California Action Committee ($1.5 million), Patrick Collison of Stripe ($1.49 million), Michael Seibel of Y Combinator ($1 million), John Doerr ($1 million), Sergey Brin of Google ($1 million), Paul Buchheit of Google ($1 million), and Brian Armstrong of Coinbase ($500,000). Brian Singerman of Founders Fund has contributed $1,000,000 across both committees. The Pritzker family, John and Nicholas, has contributed over $1.25 million combined. [Cal-access.org, accessed 4/28/26; Cal-access.org, accessed 4/28/26]
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