Category: Money

Jones is “ashamed” of supporting Prop 50 and endorses “sunsetting” of federal programs

By Roberta Millstein

Eric Jones, former partner of the venture capital firm Dragoneer Investment Group, seems to be shifting dramatically rightward in the wake of (or in order to gain?) the endorsement of Republican Ray Riehle, his former opponent in Jones’s attempt to become the congressional representative for California’s District 4.  What’s going on here?  There are several aspects, so let me unpack.

First, I remind readers that Jones still has financial interests in Dragoneer and that his run for Congress is largely funded by 1) his own money, 2) by maximized direct donations from his former Dragoneer colleagues and other high tech executives, and 3) by a Super PAC that has so far funded only Jones, coming from some of the same sources as the direct donations.  Each of these three categories individually amounts to millions of dollars.  This is Silicon Valley, venture capitalist, AI/high tech, data-center-favoring money, not money that is looking to benefit citizens.  Details can be found here.

As I noted in an earlier article, Jones has sought to present himself as a progressive, implying affiliations with Ro Khanna and Bernie Sanders and touting his endorsement from Our Revolution (removed from two Our Revolution web pages and now mysteriously reappeared).  As I document in the same article, that appearance of being a progressive was always misleading, given his donation to a Republican candidate for governor — a member of the Bush family — and support of AI-driven health care, among other things.  But his mask seems to be slipping further.

Generally, it is a sign of desperation when a candidate dramatically changes his stripes.  Does Jones think he can woo Republican voters?  Maybe so — after all, he founded an organization whose specific goal was to figure out what voters want (see previous links).  And did Jones craft a new platform to gain Riehle’s endorsement?  It’s hard to explain why else Jones would now say:

“I supported Prop 50 as a response to the gerrymandering effort in Texas. But after speaking with thousands of voters at their doors, I am extremely disappointed — ashamed, even — of the way this was carried out in our own state.”

And update to the series on the race for congress in California CD04 (Links below)

By Judy Tipple

[Reposted with permission of the author. See original at https://rosietheboomer.substack.com/p/eric-jones-red-boxing-and-the-ai]

OK, I admit it… I’m a political nerd. Many years of campaigns, more FEC filings read than I’d like to admit. And I had never heard of “red-boxing” until a friend flagged it to me last week. Wait till you hear what it means — because once you see it, you can’t unsee it on every campaign website you visit.

Before I get to that: credit where it’s due. Roberta Millstein at Davisite already dug up the core of Jones’s Dragoneer ties and his Super PAC connections. Read her full series here: Who is Eric Jones? A summary of the series. This piece adds a few new pieces to her picture.

1. Red-Boxing: The website is talking to PACs, not to you

Jones’s campaign site has a page — not in the main menu, you have to know where to look — that reads less like a pitch to voters and more like a memo to an ad-buyer. It tells you what you “need to see,” what you “need to hear,” on what timeline. That’s a known, legal-but-gray tactic called red-boxing: campaigns aren’t allowed to privately hand a Super PAC their ad copy, so instead they post it publicly and let the PAC “discover” it — no phone call required, no coordination on paper. It’s used by both parties nationwide, so it’s not unique to Jones. What is fair to point out: he’s built his brand on refusing PAC money, while his own site is doing PAC-facing work in plain sight. That is red-boxing.

2. Follow the money, follow the name, follow the family