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Sunday evening, he announced that EMILYs List President Laphonza Butler would hold the seat. Gavin Newsom's interim replacement for Sen. Dianne Feinstein doesn't appear to actually live in California, records show. Shortly after this was pointed out online, EMILYs List removed that part from her biography. "She moved to the DC area when she became president of EMILY's List. A Tea Party-backed challenger used residency questions to help sink longtime Republican incumbent Sen. Richard Lugar in a fiercely contested 2012 Indiana GOP primary.
Persons: Sen, Dianne Feinstein's, Gavin Newsom, Laphonza Butler, Butler, , Gavin Newsom's, Dianne Feinstein doesn't, Feinstein, Newsom, Butler doesn't, Izzy Gardon, Richard Lugar, Adam Schiff, Schiff, Barbara Lee, Katie Porter, Steve Garvey Organizations: FEC, Service, Democratic, Federal, Commission, EMILYs, Politico, Congressional Research Service, Tea, Republican, Indiana GOP, Senate, Reps, Los Angeles Dodgers Locations: California, Maryland, Silver Spring , Maryland, Washington, DC, . California
The Stockholm-based company raised financing at a $6.7 billion valuation this year, an 85% discount to its prior valuation of $46 billion. Butler doesn't expect the IPO market to get appreciably better in 2023. Butler also thinks that Silicon Valley has to adapt to a shift away from the growth-first mindset before the IPO market picks up again. Butler said he expects this "cultural reset" to take a couple more quarters and said, "that makes me remain pessimistic on the IPO market." Databricks raised $1.6 billion at a $38 billion valuation in August of 2021, near the market's peak.
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