More than 30 high-profile individuals from NYC’s tech industry are advocating reform of state campaign-finance laws. According to The New York Times, tech leaders including Dennis Crowley, co-founder of Foursquare and Kevin Ryan, founder of Gilt Groupe, are asking Gov. Andrew Cuomo overhaul the public finance system for state elections.
Noting the success of platforms such as Kickstarter, they sent Cuomo a letter arguing for a system that provides public matching funds for candidates who solicit small donations from individuals. Andrew Rasiej, chairman of the New York Tech Meetup, told the Times that the current political system has been “severely compromised by the influence of money.” Rasiej added that implementing campaign finance reform in the state would validate Cuomo’s “innovation credibility.”