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Tech billionaire John Doerr pitched Chuck Schumer directly that stronger antitrust rules would chill the VC industry by scrutizining acquisitions. He set up a dark money group funneling $10 million to Schumer- and Democratic-aligned nonprofits—and his firm announced a $3.5 billion AI-focused fund.
readsludge.comTech Billionaire John Doerr Funnels Millions to Democrats Through New 'Dark Money' GroupThe billionaire chair of Kleiner Perkins, who co-founded the industry lobby TechNet, set up a nonprofit, Incaendo, that gave more than $10 million to Democratic dark money groups last year.
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