Hawkfish, the data, and technology firm founded by Mike Bloomberg and backed by tens of millions of dollars from the billionaire, is shutting down.
It’s the latest cut from major Democratic donors after the 2020 election. Bloomberg and other wealthy mega-donors have poured their fortunes into the Trump era to help the party modernize its digital apparatus and data modeling.
Hawkfish told employees Friday it will close the store in May.
Since then, Federal Election Commission records show he has given nothing to either the Biden campaign or political action committees supporting the Biden candidacy. Many close to him, including those who have spoken to either his team or Bloomberg himself, now say the timing of his future contributions is fluid.
Led by Silicon Valley players like former Facebook CMO Gary Briggs, Hawkfish was initially a key part of Bloomberg’s presidential campaign. After the former mayor burned out, the firm tried to get more Democratic clients. Hawkfish has tried to land some marquee deals — most notably one with the Biden campaign — even as it has struck deals with the Democratic National Committee and American Bridge, a major super PAC. Bloomberg invested $35 million in the operation, which lasted until November.
Once the election was over, Hawkfish came to the understandable crux of needing to figure out whether it made sense to persist in the post-Trump era. Hawkfish’s decision follows a similar move at Alloy, a democracy data firm backed by tens of millions from Silicon Valley donors like Reid Hoffman. Alloy decided to wind down operations late last year after realizing it too faced an uncertain future, a conclusion precipitated by internal unrest among employees.
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