Last week, The New York Times detailed the personal, political and financial connections between Newark Mayor Cory Booker and a who's who of Silicon Valley: Eric Schmidt, Marc Andreessen, Reid Hoffman, Sean Parker and more. Some of them backed his 2011 startup, Waywire. Others raised nearly $ 700 million for his bid in the race for New Jersey's open senate seat, the primary for which Booker won on Tuesday. One donated straight to Newark: In 2010, Mark Zuckerberg gave $ 100 million to improve the city's schools.
Why would a bunch of entrepreneurs and executives in California donate money to a guy running for senate in New Jersey? Broadly speaking, these donations could be counted in the uptick in lobbying efforts by Silicon Valley companies. Google is on the list of top overall spenders in Washington thus far in 2013, at $ 7.8 million; it spent 2.5 times that amount in 2012, $ 18.2 million. Mark Zuckerberg caused a media hubbub when he started his own lobbying organization, FWD.us, this spring, which has had mixed success in supporting politicians who want immigration reform. The organization's website lists many of the contributors who have also given money to Booker, as well as Read more...
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