But Hoffman is also the hub of a new Silicon Valley big-money network: His aides privately boast that he has raised hundreds of millions more to oust Trump by guiding the donations of a class of newly politicized donors who are now bankrolling the left.īased on that, you’d think the Democratic Party would embrace him. To win this fall, Hoffman is personally spending as much as $100 million, which is as much as almost any other individual American. These sessions, which started after Trump’s election and haven’t previously been reported on, are just the tip of the spear of Hoffman’s fundraising machine. But his invitations to this “donor table” have given him extraordinary agenda-setting power and made him one of the most influential Democratic donors of the Trump era. Hoffman and the other principals are not always there. They share notes, hear from people seeking big checks, such as Joe Biden’s campaign manager, and debate each other’s strategies to beat Donald Trump. Soon after, advisers to dozens of the party’s megadonors pile into rooms in Washington, DC, or Palo Alto, California - or, these days, on Zoom - for closed-door, Chatham House Rule sessions for some of the party’s most powerful fundraisers. He’d like to add you to his political network. Every few months, LinkedIn founder Reid Hoffman sends an invitation to some of the other billionaires who make up the Democratic Party’s big-money machine:
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