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Billionaires and millionaires, such as Camilo Acosta, are fed up with the city’s political system, which is often accused of prioritizing progressive ideology over common sense. The city has a homelessness, crime, drug, and theft problem that has seen little improvement over the years.his office had been broken into and his laptops looted. Another time, a homeless man wandered into his office in the middle of a manic episode.
In addition to addressing San Francisco’s decadeslong problems, including a lagging post-pandemic economic recovery, the city is ushering in a new area of AI, and the tech industry is paying attention. “It used to be that all of us down in Silicon Valley, people thought of San Francisco as an old-fashioned town, not a technology town,” Russell Hancock, president and chief executive of the think-tank Joint Venture Silicon Valley, said, adding that the view has “changed significantly” and that San Francisco has became “a major epicenter.”Jan Koum, worth $15.2 billion, backing Lurie
Koum, co-founder and retired CEO of WhatsApp, has contributed $500,000 to a committee supporting Lurie. Koum is fairly new to San Francisco politics but has previously spent generously on various Jewish or pro-Israeli causes and the Silicon Valley Community Foundation.
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