Wealthy San Francisco tech investors bankroll bid to ban homeless camps
A tent on a sidewalk is the only place thousands of San Franciscans have to call home. But if a few of the city’s tech billionaires and millionaires have their way, even that shelter could be taken away.
Sequoia Capital chairman Michael Moritz, tech angel investor Ron Conway, and hedge-fund investor William Oberndorf have donated $49,999 apiece to a divisive ballot measure intended to clear San Francisco’s streets of homeless encampments, according to campaign filings.
Zachary Bogue, a tech investor best known as husband to the Yahoo CEO, Marissa Mayer, also pitched in $2,500.