Mark Pincus and Reid Hoffman Launch Group to Rethink the Democratic Party

This is sort of sad?

Progressives disenfranchised with the Democratic Party have already rallied around a champion of their cause: Bernie Sanders, who continues to fight for progressive issues and against Donald Trump and traditional Republicans (ACA repeal attempts, further tax cuts for the wealthy, the usual jazz) through his "Our Revolution" organization.

TL;DR Usual technocrat hubris.