S.B.F.’s $12M Long Shot

SBF founded a SuperPAC that's focused on future pandemic prevention/mitigation. He supported many candidates and a ballot measure in CA. One candidate who he put particular support behind was Flynn, a house candidate in Oregon who his SuperPAC spent $12 million on and who lost his primary with only a third of the vote. A Pelosi associated SuperPAC also supporting Flynn, suggesting SBF may be a major player in the Democratic Party establishment going forward. Also SBF seems to at least partially justify his spending through an effective altruist lens.

The impact:

> Spending $12 million on a single candidate who lost badly is, by no definition, a success. S.B.F. didn’t score a Peter Thiel-like victory and successfully buy a seat in Congress for an ally. But you get the feeling that S.B.F., like Thiel, will be among the most ambitious members of the new establishment attempting—in this case, expensively—to recast the world in his image.