East President Trump’s A stay in the blue bastion of San Francisco proved fruitful in more ways than one.
not only presumed Republican presidential nominee They also officially have the backing of a major tech investor, after raising nearly $12 million at a fundraising event on Thursday evening.
The fundraising event was organized by David Sacks and Chamath Palihapitiya, two of the biggest names in Silicon Valley and co-hosts of the popular “All-In” podcast.
And it was held at Sachs’ multimillion-dollar home in San Francisco’s Pacific Heights neighborhood.
Trump heads to Blue Bastion to raise funds for campaign
Ticket prices for the event ranged from $50,000 per person for special admission and a photo opportunity with Trump to $500,000 per couple.
a few hours ago fund raiserSachs formally endorsed Trump on social media.
“I donate to many, but support few. But today I’m throwing my support behind Donald J. Trump, our 45th president, who will be our 47th. My reasons are based on four core issues that I believe are vital to American prosperity, security, and stability — issues where the Biden administration has gone badly astray and where I believe President Trump can lead us back,” Sachs wrote on X.
How much stuff a top Trump supporter super pack carried last month
“Voters have experienced four years of President Trump and four years of President Biden. In tech, we call this A/B testing,” Sachs said.
He argued, “Trump has performed better with respect to economic policy, foreign policy, border policy, and legal fairness. He is a president who deserves a second term.”
According to sources familiar with the fundraising dinner on Thursday, Sachs reiterated his admiration for Trump and explained why he is supporting the presumptive GOP nominee in a 2024 runoff election with President Biden.
Though his official endorsement came Thursday, Sachs first signaled his support during a meeting with Trump in March. Senator JD Vance, Donald Trump Jr., R-Ohio, and the former president’s eldest son, in Washington, D.C.
The impromptu meeting at the Conrad Hotel was first reported by the New York Times and confirmed by Fox News. In that meeting, Sachs indicated that he was fully open to Trump’s 2024 presidential campaign.
Trump’s criminal conviction boosted his fundraising
Vance, a Trump ally and potential 2024 candidate who is close to Trump Jr., worked for a hedge fund in the tech sector in the San Francisco area a few years ago. Sources say he was instrumental in raising top-dollar funds.
According to sources, Sachs said at the fundraiser that “It all started with J.D. Vance calling and asking if we could organize an event for President Trump. Without J.D.’s advice and encouragement, this would never have happened.”
Trump will head to Beverly Hills for a fundraiser on Friday and attend a finance event in Newport Beach in Orange County on Saturday.
Former President Trump addresses a campaign rally in Phoenix on Thursday. (AP Photo/Rick Scooter)
This trip doesn’t mean the Trump campaign thinks highly of him Blue California It might be in the game.
Instead, Trump’s appearance — like two sold-out fundraisers in the Bay Area on Wednesday, including Vice President Harris and President Biden’s San Francisco area fundraisers last month — are the latest evidence that the Golden State remains a vital ATM for campaign cash.
Click here to get the Fox News app
Trump’s campaign said on Monday that he and the Republican National Committee (RNC), spurred by the former president’s guilty verdict in his criminal trial, had raised a staggering $141 million. Fundraising in May.
Trump was found guilty on all 34 criminal counts First test The greatest achievement of any former or current President in the history of the country.
The former president’s campaign highlighted that in the first 24 hours after last week’s decision, he and the RNC gained nearly 100,000 votes. raising $53 million in funds, That counted toward May’s total.
President Biden speaks during a campaign event in Philadelphia on May 29. (MANDEL NGAN/AFP via Getty Images)
Biden campaign Fund raising has continued following Trump’s decision, and a source familiar told Fox News that “the 24 hours following the decision were one of the best fund-raising 24 hours for the Biden campaign since its launch.”
Trump aims to narrow his fundraising gap with Biden. In April, his campaign and the RNC raised more money than the Biden campaign and the Democratic National Committee for the first time.
Fundraising, along with opinion polling, is a key metric used to measure the strength of candidates and their campaigns. Funds raised can be used for grassroots outreach and get-out-the-vote campaigns, staffing, travel and advertising, among others.
Fox News’ Chris Pandolfo contributed to this report
