MOTHER JONES BY E-MAIL

The 400 Homepage | Browse the 400 | Search the 400 | Industry Profiles | The 400 in 1998

home / The Mother Jones 400 / John Doerr (with Ann) profile

 

RANK

IN
1998

DONOR NAME

INDUSTRY

TOTAL
CONTRIBUTIONS

 

PARTY

                       
 

55

 

40

 

John Doerr (with Ann)
Partner, Kleiner Perkins Caufield & Byers, Woodside, CA

 

Finance

 

$477,500

 


John Doerr (with Ann)
March 5, 2001

A one-time registered Republican, venture capitalist John Doerr sent all his campaign contributions to Democrats during the past election cycle. He allied himself closely with Al Gore, serving as an unofficial adviser on tech issues and organizing a $10,000-per-plate fundraiser for the vice president. Politics, as he sees it, is just an extension of business. "I'm a networker," he said in one of his frequent Q&A sessions with Wired. "Day in, day out, I recruit teams of entrepreneurs to make companies grow. Politics works in the same way -- but instead of building a product, you're advancing a point of view."

Doerr's point of view focuses on the broad goals of the high-tech industry: He wants a free market, plentiful labor, and a growing consumer base. To make sure Silicon Valley is heard in Washington, Doerr founded the bipartisan political action committee TechNet in 1997 to donate large sums to political candidates. Today, TechNet comprises more than 300 high-tech executives -- including 12 donors on the Mother Jones 400 who invested a combined $4 million in national politics. During the last election cycle, TechNet tripled the amount of campaign contributions it made over the previous election cycle.

An alum of chipmaker giant Intel, Doerr put Silicon Valley on the political map in 1996 by organizing opposition to a California proposition intended to make it easier for shareholders to sue irresponsible companies when stock prices tanked. Doerr attacked the ballot measure, saying it would encourage "frivolous shareholder lawsuits threatening every company in the country and costing California 159,000 jobs." Once again, his politics served as an extension of his business: As a partner at Kleiner Perkins Caufield & Byers, Doerr had a stake in more than 250 technology ventures, including Compaq, Sun Microsystems, and Amazon. He helped raise a record $40 million to oppose the shareholder proposition, ensuring its defeat.

Last fall, Doerr's lobbying paid off again when TechNet scored victories on both of its top two legislative priorities: exporting more products and importing more workers. First, the Senate approved permanent normal trade relations with China, clearing the way for high-tech business. "By trading with China," Doerr gushed to repoters, "we will raise the standard of living for everybody, create more jobs, and, if they use and adopt more of our products, we'll see democracy flourish faster."

Then, Congress raised the number of H-1B visas issued to foreign workers each year from 115,000 to 195,000, giving Silicon Valley a flood of new high-tech employees. The legislation also doubles the amount of money for training American workers for high-tech jobs and teaching students information technology skills.

Although Doerr's interest in education is almost a personal obsession -- he has two school-age daughters and claims to visit one public school every three weeks -- it's also a strategic business position. According to TechNet, education reform means ensuring that "all children -- and all Americans -- share in the Information Age through access to technology and its benefits." The underlying message is clear: Make technology an important part of children's lives, and the high-tech industry can seal its success with the next generation of employees and customers. "Half of the classrooms don't have the electricity to plug in a computer," Doerr said at a fundraiser last fall. "It just makes you sick."

In an effort to change that, Doerr -- along with his family and business associates -- spent more than $8 million to win approval of a California proposition making it easier to pass school bonds. Last year, he also helped push through legislation that lifted the cap on the number of charter schools permitted in California. Although he claims he supports charter schools because they raise educational standards, Doerr has a financial interest in their success: He's an investor in Advantage Schools, one of the nation's largest charter school companies with 15 schools across the country.

Given his political action -- and his connections -- some insiders speculate that the Democrats may nominate a Gore-Doerr ticket in 2004. To that, Doerr scoffs. "No way," he told the San Francisco Chronicle. "I wouldn't be good at it. Everyone is out to kill you. I don't have the thick skin."

-- Eva Dienel

 
Top 400 logo
#
#
#
THE FINANCE INDUSTRY
#
The top contributors in this industry are:
#
6. Carl Lindner
the banana king
9. Constance Milstein
"an ordinary Park Avenue matron"
11. Finn M.W. Caspersen
the debt collector
17. John Childs
ATM for the GOP
18. Walter Shorenstein
Clinton: "I love him."

All contributors in this industry

#
#
#
#
#
ACTIONS    
Search the MoJo 400
Browse the MoJo 400
E-mail the editors
  Discuss this article
E-mail this article to a friend
Buy this issue
Subscribe to Mother Jones
#
#
#















bookIN PRINT

CLICK HERE
for more great reading

headphones IN TUNE
New music every issue

CLICK TO LISTEN


This article has been made possible by the Foundation for National Progress, the Investigative Fund of Mother Jones, and gifts from generous readers like you.

© 2001 The Foundation for National Progress

About Us   Support Us   Advertise   Ad Policy   Privacy Policy   Contact Us   Subscribe   RSS