Wealthy San Francisco tech investors bankroll bid to ban homeless camps

Posted on Oct 19, 2016 in Home
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.

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