Steyer, Google’s Schmidt investing in Facebook Spouse’s House Race

Tom Steyer, the billionaire former hedge fund manager opposed to the Keystone XL pipeline, and Google Inc. executive chairman Eric Schmidt are aiding the House campaign of New York’s Sean Eldridge, a Democratic venture capitalist seeking to unseat Republican Rep. Chris Gibson.

Steyer, the former chief executive officer of San Francisco-based Farallon Capital Management,  gave $5,200 to Eldridge’s campaign, and Schmidt gave $2,600.

Eldridge raised $528,944 in the fourth quarter, including $250,000 from the candidate, according to a report filed today with the Federal Election Commission.

Eldridge, who’s married to Facebook Inc. co-founder Chris Hughes, received a $2,600 donation from Chris Cox, Facebook’s vice president for product and one of CEO Mark Zuckerberg’s “longtime confidants,” as Brad Stone and Sarah Frier wrote for Bloomberg Businessweek this week.

Eldridge is seeking to unseat two-term Rep. Chris Gibson, who raised $269,584 in the fourth quarter and began the year with $863,339 in the bank.

Gibson is seeking a third term in a politically competitive district, New York’s 19th, that includes all or part of 11 counties north of New York City and east of Binghamton. He’s somewhat less conservative than most House Republicans.

The nonpartisan Cook Political Report presently rates the race as “Leans Republican.”



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