Silicon Valley CEO Lexi Reese is dropping out of the race for the US Senate

(Robert Gauthier/Los Angeles Times)

Silicon Valley CEO Lexi Reese is dropping out of the race for the US Senate

California Politics, 2024 Elections

Benjamin Oresces

November 28, 2023

Silicon Valley CEO Lexi Reese resigned


Race in the US Senate, citing difficulties in fundraising and inability to gain control of the election

voters of the state


Reese took part in the California Democratic Party’s endorsement process and spoke to attendees in Sacramento just before Thanksgiving. But she




the support of three delegate votes out of 2,322 votes cast, leaving her far behind Democratic House members Katie Porter (D-Irvine), Barbara Lee (D-Oakland) and Adam Schiff (D-Burbank).

Her appearance at the convention’s Senate forum was a finale of sorts to her campaign. Protesters angry about Israel’s invasion of Gaza disrupted her speech and she struggled to continue.

“While the financial realities of the Senate elections have prompted me to stop running for this seat, we will continue to focus on this question: What do we want to be when we grow up? As a state, as a nation and as human beings. ,” Reese said in a written statement.

“I started this race to build a safer world for our children. I feel stronger than ever that we need to think in a much bigger, bolder way about how to make life livable.”

The 48-year-old previously worked at Google, Facebook and American Express, but had never applied for office. When she first entered the race, Reese declined to reveal her net worth, saying she did not want to give an inaccurate figure, but added that she could not self-finance her campaign even though she planned to make a significant amount to invest in its run.

Reese gave her campaign about $530,000 and raised money

one more

$1.28 million in contributions, according to federal disclosures available through the end of September. She said in a statement Monday that she had raised a total of $2 million


less than its competitors. She also never gained traction in opinion polls.

In her statement announcing the end of her campaign,

Reese advocated for term limits as a way to diversify the backgrounds of those serving in Congress.

“We need open seats and campaign finance reform so that the cost of entry is not prohibitive for most people.”

Reese said in a written statement. “My husband and I self-funded $500,000 of our campaign, a privilege I realize most people don’t have. It wasn’t nearly enough.”

Times Staff Writer Seema Mehta contributed to this report.


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