Silicon Valley’s Democratic tech billionaires are getting behind former Vice President Joe Biden’s presidential run to help pave a digital path to victory in November, according to a report on Wednesday.
The moguls are planning on spending millions on efforts not only to blunt President Trump campaign’s lead in technology but also to fund political news sites, bolster the Democratic Party’s data files and launch voter registration drives, Vox reported.
Four billionaires in particular — LinkedIn founder Reid Hoffman, Facebook co-founder Dustin Moskovitz, Steve Jobs’ widow Laurene Powell Jobs and former Google CEO Eric Schmidt — have the most ambitious plans, the report said.
The Biden campaign is hiring more aides, creating more online content and building ties with Silicon Valley.
“Because the Biden campaign is the Biden campaign,”a Democratic operative told Vox, “what we are doing on the independent side matters a hell of a lot more than it would previously.”
While typical Democratic donors outside of the tech orbit tend to fund television spots, the Silicon Valley set sees a digital-centric world that so far has been dominated by Republicans.
“For far too long right-wing media has dominated our discourse and Facebook news feeds,” Tara McGowan, the founder of Acronym, a political group backed by Powell Jobs and Hoffman, told Vox. “We can’t sit by another cycle and watch a one-sided battle play out online.”
The voter registration group, Voter Participation Center, has linked with the Center for Voter Information and is working to raise $56 million by June 30 through a secretive group of donors known as Mind the Gap.