Beto O’Rourke reports raising $9.4 million for his presidential bid

Beto O’Rourke reports raising $9.4 million for his presidential bid

Beto O’Rourke reports raising $9.4 million for his presidential bid

"That logic extends to primary debates, so we continue to hope the DNC will reconsider its decision to bar top-notch journalists Bret Baier and Martha MacCallum from the debate stage".

Candidates are required by law to track and report all campaign donations. People in the Rust Belt states, the rural areas that Hillary Clinton lost. One-time frontrunner Jeb Bush hadn't officially thrown his hat in the ring either.

A significant number of grassroots, small-dollar donors is especially important in 2020, as a qualifier for the Democratic debates.

There are a total of 16 candidates that have officially entered the race so far, and their initial fundraising numbers will give a good initial indicator at how successful they've been on the fundraising front in the campaign's early stages.

Then there's the fact that the early favorite in 2020 polls, former Vice President Joe Biden, hasn't declared his candidacy yet, further disincentivizing potential donors to back a candidate.

Excluding their massive day-one totals - O'Rourke edged out Sanders' $5.9 million - Sanders averaged $300,000 per day, while O'Rourke raised an average of almost $200,000 per day. U.S. Senator Kamala Harris of California raised $12 million, and Pete Buttigieg, the mayor of South Bend, Indiana, said he raised $7 million in the first quarter.

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With the funds Sanders already has available - about $28 million in cash on hand - he will be able to build infrastructure in key primary states, they said.

Buttigieg, who launched his presidential exploratory committee on January 23, started off the race virtually unknown to a national audience, but has garnered significant attention in recent weeks as he continues to appear on the campaign trail in states like SC and Iowa.

Buttigieg said his average contribution is about $36, with 64% of his total coming from those donating $200 or less.

But it appears that O'Rourke's 2020 campaign won't follow the tradition of using Stanton Street Technology Group every election cycle now that neither he nor his wife owns the company.

O'Rourke's team argued he is the 'highest per-day raising candidate in the Democratic primary'. Sanders, for example, raised US$10m, more than half his total, in his first week.

As impressive as Sanders' fundraising has been, it's not as large as previous presidential contenders who were more reliant on big donors.

Yang said roughly 95 percent of his quarterly contributions came after February 11, suggesting that his campaign could report more robust numbers next quarter.

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