Article 1XTET Wealthy San Francisco tech investors bankroll bid to ban homeless camps

Wealthy San Francisco tech investors bankroll bid to ban homeless camps

by
Julia Carrie Wong in San Francisco
from on (#1XTET)

The proposed law would ban tent encampments from San Francisco's sidewalks - a visceral reminder of the city's gaping inequality

A tent on a sidewalk is the only place thousands of San Franciscans have to call home. But if a few of the city's tech billionaires and millionaires have their way, even that shelter could be taken away.

Sequoia Capital chairman Michael Moritz, tech angel investor Ron Conway, and hedge-fund investor William Oberndorf have donated $49,999 apiece to a divisive ballot measure intended to clear San Francisco's streets of homeless encampments, according to campaign filings.

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