Business

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

MayDay
Image Credit: via MayDay.us

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.


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