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Thu May 9, 2019, 08:42 PM

Reid Hoffman, one of the most powerful Democratic donors, is raising money for Cory Booker

Reid Hoffman is hosting a high-dollar fundraising event for Sen. Cory Booker (D-NJ) later this month, a coup for Booker and a revealing move by Hoffman, who has so far kept his cards close to his chest in the 2020 race.

Hoffman, one of the most closely watched donors in Democratic politics, is asking Silicon Valley givers to come to a dinner on May 17 in Portola Valley, California, Recode has learned. The event will be held at the home of Eileen Donahoe, a former ambassador and top fundraiser during the Clinton and Obama campaigns, and her husband, John Donahoe, the former CEO of eBay.

While a person familiar with Hoffman’s thinking said it is not meant to be an endorsement — Hoffman is expected to also financially back candidates like former Vice President Joe Biden and Sen. Kamala Harris (D-CA) as well — this is Hoffman’s first event for a presidential candidate this cycle. Hoffman’s team recognizes it will inevitably be read as a strong signal of whom Hoffman favors among the Democratic candidates. It isn’t clear if he’ll do fundraising events for other candidates.

I‘ve known Cory for a long time, and I believe he has the experience, bold solutions, and vision to win the nomination and the presidency,” Hoffman said in an email to donors seen by Recode. “It’s important that we elevate the best voices in the race. If you know Cory, you understand why I’m advocating for him. And if you haven’t had a chance to meet the Senator, you won’t be disappointed.”


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