Proposition 38 in 2000 (this is not the first time tech investors have been flush with cash to burn!) proposed to give every student in the state of California $4000 to attend private school, with no regulation or constraints whatsoever. It would have essentially privatized public education, at a cost of $3.3 billion to California taxpayers. Tim [Draper] spent $23 million pushing the proposition & his dad threw in another $2.5 million. It was believed to be the largest contribution by an individual to a ballot proposition in California history at that time.
Kelsey Gilmore-Innis in Your Job is Political: Tech Money in Politics, on venture capitalists and politics. Essential reading.











