Tuesday, February 17, 2015

Sean Parker Makes Donation to Rand Paul PAC...

But Rand failed to get any money from Charles Koch, even though he lost to him in a round of golf.

Russ Choma at Open Secrets has the details:
Year-end filings of Reinventing a New Direction PAC, Paul’s leadership PAC, shows that after months of bushwhacking back and forth through Silicon Valley in the hopes of drumming up some support from the moneyed, high-tech crowd (often theorized to lean libertarian and be a potential counterweight to Wall Street’s support of more mainstream contenders), at least one donor was persuaded. Sean Parker, a co-founder of Napster and early executive with Facebook, donated $7,600 on Nov. 3, 2014 to the Rand Paul Victory Committee, a joint fundraising committee that transferred $5,000 of the gift to RAND PAC in December. The other $2,600 likely went to Paul’s campaign committee, the other partner in the joint venture.
The reports cover the period between Nov. 25 and Dec. 31, typically a slow time for fundraising in election years. Overall RAND PAC raised just $114,217, less than one-fourth the $491,446 it raised between Oct. 16 and Nov. 24, the span covered by the previous filing. Much of the money RAND PAC brought in — $66,168 — came from Kentucky donors. The California donors, led by Parker, ranked second, with $26,840. But RAND PAC only received $7,560 from donors in New York, potentially a dismal number considering Wall Street’s central role in presidential fundraising, particularly on the GOP side.
No contributions came from Charles Koch, one-half of the libertarian industrialist pair whose political organization has pledged to raise and spend more than $880 million on the 2016 presidential election. Paul and Koch have golfed together, though (Koch beat Paul “handily” according to the New York Times), and Paul apparently made a point of paying his own greens fees — according to the year-end filings, RAND PAC reimbursed Koch Industries $406 for “golf expenses.”

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