Silicon Valley spends $25M backing Matt Mahan for California governor but polls show 4% as Hilton and Steyer lead June primary
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By Alina Maria Stan
Published on May 7, 2026.
Silicon Valley has invested over 25 million dollars in the campaign of San Jose mayor Matt Mahan for California governor, with donors including Sergey Brin, Reed Hastings, and Steve Huffman. However, polls show him at four per cent ahead of the June 2 primary. The campaign is part of Silicon Valley's broader push to reshape California politics, including a proposed 500 million dollar endowment and opposition to a billionaire wealth tax ballot measure. Despite this, the independent expenditure committee California Back to Basics, which is legally prohibited from coordinating with Mahan’s campaign, has spent nearly 20 million dollars introducing him to voters outside San Jose. The problem is that 25 million pounds does not go as far in a 61-candidate primary as it does in a Series A.
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