Summary
The endorsement of Kamala Harris by Wall Street and tech executives has significantly bolstered her campaign, particularly in fundraising efforts as she prepares for the 2024 election. With a record-breaking $27 million raised from a recent Wall Street event, Harris has attracted considerable financial support from influential figures in the finance and technology sectors, reflecting her appeal to pro-business voters.
Harris’s fundraising prowess has been underscored by the backing of over 800 venture capitalists through the “VCsForKamala” initiative, which collectively manages approximately $276 billion in assets. This coalition of business leaders emphasizes their commitment to democracy and economic growth, showcasing Harris as a candidate who aligns with their pro-business values. The support extends beyond individual donors; a group of 88 prominent executives from Wall Street and the tech industry recently signed a letter endorsing her, stating that she represents the best path forward for a strong and reliable democracy and economy. As the election approaches, Harris’s financial advantage, particularly in key swing states, highlights the importance of these endorsements in shaping the electoral landscape.
Key Fundraising Events
- Wall Street Fundraiser: Harris’s recent event at Cipriani Wall Street raised $27 million, marking her highest-grossing fundraiser since becoming the Democratic nominee.
- Support from Silicon Valley: The tech sector’s backing has been pivotal, with venture capitalists pledging their support and funds to her campaign.
Strategic Campaign Spending
Harris is outspending her opponent, Donald Trump, by nearly $5 million daily, particularly in swing states like Pennsylvania, where she plans to invest heavily in advertising. The financial disparity between her campaign and Trump’s, along with the support from external PACs, positions her favorably as the election nears.
Meet the Silicon Valley billionaires, corporate CEOS, and founders backing Kamala Harris
Oct. 10 / Business Insider / Highlights the substantial backing Kamala Harris has received from over 800 venture capitalists, showcasing a unique coalition in a divided Silicon Valley. Offers insights into the implications for her campaign. “ More than 800 powerful venture capitalists organized to pledge support for Kamala Harris. Current and former CEOs separately worked together to sign a letter...
Harris Campaign Says It Raised $27 Million from Wall Street Event
Sep. 23 / The New York Times / Focuses on the impressive $27 million raised at a Wall Street fundraiser, marking a pivotal moment in Harris's campaign. This succinct report underscores the financial dynamics at play in the election landscape. “ The campaign said it was the vice president’s highest-grossing fund-raiser since she ascended to the top of the Democratic ticket.
Where Harris is outspending Trump the most
Sep. 23 / Business Insider / Examines Harris's aggressive spending strategy, particularly in swing states, providing a comparative analysis with Trump's campaign. It effectively illustrates the financial stakes and strategic importance of advertising. “ Harris is outspending Trump by nearly $5 million every single day. Harris is spending more on ad buys in every swing state, especially Pennsylvania. At a...