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BREAKING: Jones total contributions to his campaign are now just shy of $15 million

By Roberta Millstein

Less than a week ago, I wrote an article here about the $10 million dollars that Eric Jones, congressional candidate in CA’s District 04, had dumped into his own campaign. That contribution made headlines across the district as the largest contribution ever made in a CA congressional campaign, an amount that, together with large-donor out-of-district donations to Jones campaign, put him at #10 in spending across the entire country (remembering that there are 435 seats open and an unknown number of candidates running for those seats).

But little did any of us know about another contribution, just surfaced on the FEC site, from Jones: $4,800,000.00 on October 1, for a grand total of $14,864,133.10 — yes, almost $15 million dollars. There is no other way to see this but as this recently-resigned Silicon Valley venture capitalist, former partner at Dragoneer Investment Group, trying to buy a congressional seat.

$10 million was eye-popping. At $15 million, your jaw should be on the ground and your head should should be swiveling on its neck (and don’t ask me what comes after that).

Fellow citizens of District 4: Californians have a proud history of rejecting multi-millionaires and billionaires trying to buy their way into positions of power, knowing that these people do not have the interests of ordinary citizens in mind.

Vote for Mike Thompson, born and raised in our district, who is hardworking, honorable, and trustworthy.

Here is the screenshot from the FEC showing the Oct 1 donation and his year-to-date total:

Screenshot taken on 22 Oct 2026, from https://www.fec.gov/data/receipts/?cycle=2026&data_type=efiling&committee_id=C00919100

(I am told that this is a loan from Jones to his campaign, but I don’t think that changes much, or anything, from the point of view of us as voters).

This is OUT OF CONTROL spending in our elections — from the candidate who is promising to get big money out of our government! Unbelievable. One has to ask, why does he want this seat so badly, and what does he plan on doing with it? Nothing good for the ordinary citizens of District 4, you can count on that.

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Comments

5 responses to “BREAKING: Jones total contributions to his campaign are now just shy of $15 million”

  1. […] BREAKING: Jones total contributions to his campaign are now just shy of $15 million […]

  2. Eileen Samitz

    WOW..thanks for this info Roberta. Talk about trying to buy a seat in Congress! Eric Jones is now a record breaker to try to buy our vote!

    No more oligarchs like Eric Jones! We need Mike Thompson who works for us, not like venture capitalist Eric Jones working to enrich himself.

  3. harpodmk

    Obscene

  4. Here is the corresponding press release on this topic from the Thompson campaign:

    New Reporting Shows San Francisco Venture Capitalist Eric Jones Has Spent Nearly $15 Million of his Own Money in Attempt to Buy Seat in Congress

    Eric Jones shatters record as the largest self-funding candidate in any Congressional race in California’s history by more than $4 million.

    Davis, CA – In his Pre Primary Federal Election Commission (FEC) report, covering October 1st to October 14th, Eric Jones revealed he gave another $4.8 million of his venture capital fortune to his own Congressional campaign. This latest round of self-funding comes after Jones gave nearly $10 million of his personal wealth to his campaign. Today’s report brings the total amount Jones has self-funded to nearly $15 million.

    According to reporting from Cal Matters, this is the largest amount of self funding for a Congressional race in California history and the 5th largest amount of self funding spent on any race in California. Despite the millions poured into his campaign, Jones finished in a distant second place in the primary election.

    Jones, whose net worth is up to $85 million dollars, made his fortune as a partner at the San Francisco based venture capital firm Dragoneer. During his time at Dragoneer, Jones profited from companies that were fined hundreds of millions of dollars for preying on consumers. These companies include healthcare companies that repeatedly denied patients coverage, including emergency care; companies that violated patient privacy laws; and companies that preyed on seniors by illegally running up medical bills.

    Under Jones’ tenure, Dragoneer also invested in the disgraced company Carbon Health, which operated a location locally in American Canyon. Carbon Health was fined $4.4 million dollars for improperly billing patients and consistently putting profits over people’s wellbeing. Today, Jones continues to profit from patients’ pain. As of 2025, he had as much as $30 million invested with his company, which also paid him $1 million over the past year.

    “California’s 4th Congressional District is not for sale. Voters will not be deceived by a San Francisco venture capitalist air dropping into our communities to buy a seat in Congress.” said Thomas Dowling, campaign manager for Congressman Mike Thompson “Eric Jones made his fortune by putting his own profits over people. While seniors were denied health care and patients denied emergency surgery, Eric Jones made millions off of their suffering. Voters in this district know that Mike Thompson has always delivered and in two weeks they will send Eric Jones home to his $8 million dollar San Francisco mansion.”

    #####

    Congressman Thompson is a member of the House Ways and Means Committee, which has jurisdiction over health care, tax, trade, Social Security and income security issues. Congressman Thompson is the Ranking Member of the Tax Subcommittee and a senior member of the Health Subcommittee. He is also a member of the fiscally responsible Blue Dog Coalition and a combat veteran. To learn more about Congressman Mike Thompson visit here.

  5. […] spending. Jones $15M contributions to his campaign — to buy a seat in the House — are record-setting in CA and make his congressional campaign spending one of the highest in the coun…. It’s a waste of money that could be used on other things and makes it harder for ordinary […]

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