# Silicon Valley's Election Night Struggle

> Ripple cofounder Chris Larsen bet big on Democrats and mostly won.
- Title: Silicon Valley's Election Night Struggle | Shortify
- Summary: Ripple cofounder Chris Larsen bet big on Democrats and mostly won. Ripple cofounder Chris Larsen donated over $22 million to Democrats, winning key races…
- Keywords: silicon valley, chris larsen, ripple labs, democrats, election night, political donations, billionaire tax, grow california, san francisco, lurie, The San Francisco Standard
- Source: The San Francisco Standard — https://sfstandard.com/2026/11/08/chris-larsen-ripple-democrats-election
- Published: 2026-11-08T14:00:00+00:00
- Read time: 1 min
- Topics: silicon valley, chris larsen, ripple labs, democrats, election night, political donations, billionaire tax, grow california, san francisco, lurie, news, local
## Election Night Struggle
Silicon Valley had a terrible election night with tech billionaires mostly supporting Republicans.
## Chris Larsen's Political Playbook
Ripple cofounder Chris Larsen poured more than $22 million into national politics this cycle.
## Democratic Focus
Larsen boosted moderate, business-friendly candidates in deep-blue districts across California.
## National Donations
Larsen gave $4 million to Democrat Sherrod Brown’s Senate campaign in Ohio and $1.75 million to James Talarico’s Senate bid in Texas.
## Local Impact
Larsen gave $1.5 million to Mayor Lurie’s agenda and $500,000 to Theo Ellington’s successful supervisor bid.
## Billionaire Tax Efforts
Larsen donated $5 million to fight the billionaire tax through his group Golden State Promise.
## Grow California Success
Grow California won at least nine of eleven districts in California state legislature races.
## Controversy and Challenges
Larsen faced backlash from labor groups and anti-tech activists over his political spending.
## Key takeaway

Ripple cofounder Chris Larsen donated over $22 million to Democrats, winning key races while Silicon Valley billionaires typically supported Republicans.