Supporters of US President Donald Trump participate in the Million MAGA March to protest the outcome of the 2020 presidential election, in front of the US Capitol on December 12, 2020 in Washington, DC.
Olivier Douliery | AFP | Getty Images
Two Silicon Valley billionaires are holding dueling political fundraisers this week that showcase their chosen candidates in this fall’s midterm elections and underscore a growing rift within the business community.
In one corner is LinkedIn founder Reid Hoffman, who has been rallying corporate executives to oust politicians who support false claims by former President Donald Trump that the 2020 presidential election was rigged against him.
On Thursday, Hoffman hosted a fundraiser in San Francisco with Twilio Chief Executive Jeff Lawson and venture capitalist Ron Conway, an early investor in Google and Paypal.
Tickets for that event, which featured an off-the-record conversation with former President Barack Obama, ranged from $36,500 to $250,000, according to a copy of the invitation obtained by CNBC. Donations from the event will go toward the Democratic Grassroots Victory Fund, which funnels money to state parties.
Hoffman’s political adviser Dmitri Mehlhorn said that Hoffman is building a coalition within the business community to take on so-called MAGA Republicans.
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