Business

Anti-super PAC fund MayDay hits its $5M crowdfunding goal

Image Credit: via MayDay.us
NOTE: GrowthBeat tickets go up $200 this Friday at 5pm Pacific. VentureBeat is gathering the best and brightest in modern digital marketing to help declutter the landscape, simplify the functions, clarify the goals, and point the way to success. Get the full scoop here, and register by Friday to save!

Will all the excitement (or craziness) happening over the holiday weekend, you may have missed that the “super PAC to end all super PACs” MayDay.us successfully hit its $5 million funding goal.

MayDay.us is a super PAC that was set up in early May by Harvard professor Lawrence Lessig to help pro-campaign finance reform congressional candidates win the 2016 elections. MayDay initially saw an influx of support from both the general population and wealthy tech business leaders, as VentureBeat previously reported. Lessig has set up various goals for MayDay to hit, with the latest being its July 4 goal of $5 million that was met thanks to over 50,000 contributors.

Super PACs are entities that can raise unlimited amounts of money from pretty much anywhere for the purpose of getting candidates elected to U.S. public office — as long as the organizers of the fund doesn’t coordinate directly with a candidate or candidates. As previously mentioned, this is a sore spot among politicians currently in office because those that stand against money from super PACs risk losing to challengers with more money and influence (in large part because of super PACs).


Related: Q&A with the Harvard law professor raising millions to end financial political corruption


MayDay currently lists its total contributions at $7,256,646, with over a hundred days left before the next election. Lessig has said he would like to raise a total of $12 million for the “anti-super PAC” super PAC.


We're studying digital marketing compensation: how much companies pay CMOs, CDOs, VPs of marketing, and more, with ChiefDigitalOfficer. Help us out by filling out the survey, and we'll share the results with you.
4 comments
Bryan McArdle
Bryan McArdle

Training Day comes to mind. To protect the sheep you've gotta catch the wolf. And it takes a wolf to catch a wolf.

Tim Heile
Tim Heile

The ultimate test is going to be who the money goes to and what they are willing to do and not do to get it. Larry is a super smart guy, so I'm hoping for the best in this department. At the end of the day we need a social contract that elected officials sign off on in order to get elected and stay in office - new rules.