Biden not giving up battle for Silicon Valley campaign cash

Donald Trump caused a stir last week in Silicon Valley, signaling that he wants to fight for the deep pockets of the Bay Area.

But President Biden won’t give up these donors without a fight.

A review of campaign finance records, including Biden’s top individual contributors so far this election season, shows the president is still very much engaged in the fight for Big Tech money in 2024.

LinkedIn co-founder Reid Hoffman tops Biden’s list with more than $9 million in donations to the president and outside groups supporting Biden, according to data compiled by Biden’s campaign finance trackers. OpenSecrets.

Hoffman has donated millions more to groups supporting Democratic congressional candidates.

President Joe Biden gestures before leaving May 9 for a West Coast swing that saw him raise money for his campaign in San Francisco and Seattle. (MANDEL NGAN/AFP via Getty Images) (MANDEL ONLY via Getty Images)

He has even published an essay on his support for Biden Thursday, just as Trump was heading to San Francisco for a highly anticipated fundraiser that appears to have put about $12 million into the former president’s coffers.

Hoffman’s essay was something of a rebuttal to the inroads Trump has made among tech executives and Wall Street in general, with the argument that Trump’s behavior and disregard for the rule of law are bad for business.

“Unfortunately, many American business leaders have recently developed a kind of myopia, mistaking the politics and political leaders who would truly support their long-term success,” Hoffman wrote.

He’s not the only one on the West Coast with these opinions. Eight of Biden’s top 20 supporters so far in this campaign have direct ties to Silicon Valley. These figures range from Michael Moritz of Sequoia Capital, with $7.3 million in donations so far, to Sheryl Sandberg, former COO of Facebook (META), who has given more than half a million .

The list grows when you include Biden’s big supporters in Hollywood. DreamWorks co-founder Jeffrey Katzenberg and actor Seth MacFarlane each donated more than $1 million, records show.

The totals could already be significantly higher as campaign finance filings are delayed by disclosure requirements. Most of the data compiled in recent days is from April, with some updates not expected for weeks or months due to different disclosure rules.

And many billionaire gifts given to both candidates will of course never be known, with some groups able to accept so-called dark money that is not disclosed.

The race for Big Tech money played out during Biden and Trump’s recent twin trips to the region.

President Biden arrives aboard Air Force One at Moffett Federal Airfield in Mountain View, California, May 9. (Tayfun Coskun/Anadolu via Getty Images) (Anadolu via Getty Images)

Biden visited Silicon Valley in early May. He traveled for the first time to the house of Vinod Khosla, the billionaire co-founder of Sun…

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