The New York Times this morning published a great piece on Newark Mayor Cory Booker’s particpation in a tech startup funded by some of the giants of Silicon Valley.
The piece details Bookers investment in the company, Waywire, and his relationship to some of the investors, which include Eric Schmidt, of Google.
The piece raises questions over Booker’s stake in the company, which is the largest of any investor, and the fact that the investors in the company are also donors to the mayor’s Senate campaign.
Booker made headlines earlier in the campaign cycle when he amended his financial disclosure forms to include the investment in Waywire, valued at somewhere between $1 million and $5 million. Booker’s attorney said the asset, which represents the bulk of his wealth, is held in trust and was inadvertantly left off the initial disclosure form.
The New Republic was none too happy with the deal and took Booker to task in this piece.
