Saturday, January 02, 2016

California venture capitalist donates $1 million to Greitens campaign

Former Navy seal Eric Greitens received a $500,000 boost to his campaign for governor on the last day of 2015.

The half-million dollars marked the second time Greitens has received that amount from California venture capitalist Michael Goguen of Sequoia Capital. The other contribution was reported in October.

In the week following Christmas,including the Goguen contribution, the Greitens campaign received $750,505. Out of that total, $640,003 came from out of state sources.

During this past week, Greitens also received the following contributions:

-$5,001 Michael Burns, Malvern, Pennsylvania,
-$5,001 Mary Beth Reilly, Nixa
-$10,000 Blake Spahn, Self School chancellor, New York, New York
-$50,000 Bryan Magers, Springfield, developer
-$25,000 Irvine Kessler, Wayzata, Minnesota, self investment management
-$50,000 Market Street Bancshares, Mount Vernon, Illinois
-$5,001 Jeff Layman, Springfield, Morgan Stanley senior vice president
-5,001 Howard Rosenbloom, Timonium, Maryland, Cruiser Capitol Advisers
-$10,000 Donald Sanders, Town and Country, Nightline Express, Inc. CEO
-$5,500 Mark Mantovani, Ansira executive
-$5,001 Mike Swann, Springfield, dermotologist
-$25,000 Bernard Marcus, Atlanta, Georgia, retired philanthropist
-$10,000 Frank Jay Steed, Branson West, Steed Communication
-$5,001 Thomas Smith, Boca Raton, Florida, Prescott Investors
-$15,000 Mark Gerson, New York, GLG chairman
-$20,000 ELX83 LLC, St. Louis


Anonymous said...

Why are the donations $5001 as opposed to $5000? Is there a better tax incentive for anything over $5000 maybe?

Anonymous said...

Why in the world would so many people and companies OUTSIDE of Missouri donating to this guys fund??? Looks fishy to me!

Randy said...

Missouri state law says that contributions of more than $5,000 have to be reported within 48 hours. Otherwise, they do not have to be reported until the next quarterly filing. My guess is the $5,001 total is used to trigger the reporting requirement so Greitens (and other candidates who use that total) can show the number of large contributions they are receiving.