Analysis: 4 takeaways from the first fundraising reports of the 2020 campaign
Sen. Bernie Sanders arrives for a rally in Brooklyn, N.Y., on March 2. By Aaron Blake Aaron Blake Senior political reporter, writing for The Fix Email Bio Follow April 16 at 12:42 PM We finally have the first concrete data with which to judge the 2020 presidential race: fundraising numbers.
But the Vermont independent’s first-quarter fundraising haul served notice that he might start this race as the front-runner. He raised more than $18 million, tops in the Democratic field. He also had the most donors, the lowest average contribution and the highest percentage of his haul raised from donations of less than $200 among the top candidates.
Even better for Buttigieg is his abnormally low burn rate — i.e., the amount of that total he spent. While the other top candidates generally spent in the millions, he spent just $666,000 even as he was gaining traction. And now he has the head-start to prove it. He had built up a $19.2 million fund heading into 2019, and his campaign raised more than $30 million in the first quarter. He now has more than $40 million in the bank.
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