Whitman and Fiorina, Candidacies That Did Not Compute
nytimes.com
nytimes.com
I don't think they're good examples of how a "silicon valley candidate" would do, though. They were both candidates who were popular in the business world but didn't resonate in Silicon Valley at all; Fiorina was actually actively unpopular with engineers. So you can't necessarily draw conclusions from this result to how a candidate that SV saw as one of its own would be perform.
Conversely, I thought Valley folk might overlook Whitman's (reputedly) abrasive personality in favor of a fairly successful tenure at eBay, although her campaign was a disaster on wheels from the start. Spending $140 million of your own cash only to be decisively rejected...ouch. For that much she could have just bought Somalia or something, their entire budget last year was about $11m.
California likes pro-environment, socially moderate to liberal candidates. Conservative economic and fiscal positions wouldn't be a handicap if you could avoid pandering to oil companies and anti-immigrant and religious zealots.
I don't think that getting heavily defeated at the polls outspending your opponent ~5:1 and changing positions repeatedly is much good for her national credibility either.
BTW I'm no Jerry Brown fan either. The candidate I would actually have liked to vote for was Tom Campbell. Had Whitman not blown him out of the primary, maybe I could have.
Those candidacies are the quintessential VC fueled hype company. Whitman probably wouldn't give a fresh startup $140 million in the seed round and expect them to use it wisely, so why would anyone expect a different outcome?
It has nothing to do with the Valley and everything to do with how the campaign was grown.
Repeating the text of her then-current advert verbatim during the debate didn't help either; she came across as very scripted. I wonder if it was her campaign or her own preference to keep the media at arm's length? I've heard her speak before and she struck me as pretty personable, and I didn't expect her to be so stiff and formal during the election campaign. Her last ad had the line 'I'll treat you [the voters] like grown-ups,' which is how you speak to a ten year old.
I'd rather like if Brown would hire her as his business adviser or something, because she had a few good economic ideas, like reducing the cost of business registration and suchlike. But that's probably not happening, they don't seem to like each other much.
I don't know what it is but I find it deeply unsettling when the likes of Jon Corzine pump so much of their own money into these things, particularly when they're former business types.
You have to expect that if they're putting in $60+ million of their own money they expect to get that back at some point.
Bloomberg spent over $100mm just to get re-elected to his third-term as mayor. Most likely he would have won if he had spent $10mm. In the end, having that $100 million wouldn't have effected his lifestyle one bit, so why not?
But as it is, either they're billionaires that fund themselves, or they get funded by Wall Street, Telecoms, Big Oil, Tech, Defense Industry, other billionaires, etc.
I think I'm more comfortable with a billionaire spending his own money, than a non-billionaire completely in the pocket of some particular industry.
At least with the former, the payoff they're looking for could alternately be fame, love, legacy, or simply because being in government is the one thing they haven't done yet (besides maybe going to space).
With the latter, the payoff will certainly be shaping the laws in their favor, sometimes at the expense of the country or overall economy.