In the latest sign that Silicon Valley titans are increasingly throwing their weight behind political issues, Netflix co-founder Reed Hastings has contributed $2 million[1] to support Gov. Gavin Newsom’s Proposition 50 campaign.
The move is the latest underscoring how Silicon Valley’s deep-pocketed executives are increasingly wielding influence in California politics and beyond.
The November ballot measure would scrap California’s independent redistricting commission, returning map-drawing authority to the state legislature, where Democrats hold firm majorities.
Backers argue the change would counterbalance GOP-led gerrymanders in states like Texas[2] and Florida, potentially netting Democrats half a dozen U.S. House seats in 2026.
Hastings’ donation highlights the growing role[3] of tech fortunes in political fights. The Netflix co-founder has long been a high-profile donor, previously giving $3 million to Newsom’s 2021 recall defense. He has also funded statewide education reform initiatives and donated heavily to national Democratic causes.
Other Silicon Valley figures are joining him
Ron Conway, one of the Valley’s most prolific angel investors, has pledged support, and Y Combinator’s Paul Graham gave $500,000. Their involvement echoes a broader trend: Tech executives are increasingly channeling personal wealth into shaping policy outcomes, often through ballot measures where their dollars can have an outsized impact.
California has been a testing ground for such efforts.
In 2020, Uber, Lyft and DoorDash collectively spent more than $200 million to pass Proposition 22, rolling back state labor rules that threatened their business models. More recently, venture capital and crypto executives have funded campaigns to resist new taxes and regulations.
Tech money is increasingly flowing into politics
The pattern isn’t limited to California. At the national level, technology money has become a major force in politics.
Sam Bankman-Fried, the disgraced former crypto billionaire, spent more than $40 million[4] on congressional races in 2022 before his collapse. Some estimates[5] put his total political contributions at more than $70 million across 18 months, reflecting his ambition to exert influence at the federal level
Amazon, Microsoft and Alphabet remain among the top corporate spenders[6] on lobbying in Washington. These interventions have helped shape debates[7] ranging from antitrust reform to AI regulation.
According to Axios[8], in the first quarter of 2025, Meta spent $8 million lobbying, followed by Amazon at $4.3 million, with Microsoft at $2.4 million. OpenSecrets reports[9] Amazon’s total federal lobbying for 2025 (first half) at $9.35 million, and Alphabet (Google’s parent) at around $7.81 million
For critics, Proposition 50 represents another instance of wealthy tech donors tilting the political playing field.
Opponents, including GOP donor Charles Munger Jr., who has already committed $10 million to defeat it, say dismantling the independent redistricting system voters approved in 2008 is a naked power grab. Former House Speaker Kevin McCarthy has also jumped into the fray[10], casting the measure as an effort by Democrats and their Silicon Valley allies to “rig the map.”
Are Silicon Valley tycoons the kingmakers yet?
What makes the fight especially significant is its national impact.
California, with 52 House seats, remains the biggest single prize in congressional redistricting. Even a small shift in district lines could determine control of the House in 2026. For Democrats, aligning with wealthy tech donors offers a way to keep pace with Republican fundraising networks that have long used redistricting to their advantage.
Whether Hastings and his peers can sway voters remains uncertain. Early polls show Californians split on Proposition 50, reflecting skepticism about giving lawmakers more control. But the torrent of Silicon Valley money ensures that by November, voters will be hearing arguments on both sides at near-constant volume.
If successful, the campaign would further cement Silicon Valley not only as an economic powerhouse but also as a decisive political player, with ambitions that stretch far beyond California’s borders.
References
- ^ has contributed $2 million (www.bloomberg.com)
- ^ states like Texas (www.politico.com)
- ^ highlights the growing role (www.politico.com)
- ^ spent more than $40 million (www.cbsnews.com)
- ^ Some estimates (Some%20estimates%20put%20his%20total%20political%20contributions%20at%20more%20than%20$70%20million%20across%2018%20months,%20reflecting%20his%20ambition%20to%20exert%20influence%20at%20the%20federal%20level)
- ^ the top corporate spenders (www.opensecrets.org)
- ^ helped shape debates (time.com)
- ^ According to Axios (www.axios.com)
- ^ OpenSecrets reports (www.opensecrets.org)
- ^ has also jumped into the fray (www.cbsnews.com)