Elizabeth Warren raised $6 million in the first three months of the year, highlighting the difficulty ahead competing for money against more prolific fundraisers like Bernie Sanders and Beto O’Rourke
While Warren has a comfortable cushion in the bank of funds leftover from her Senate campaign fund, with nearly $11.2 million cash on hand, the early fundraising reveals that Warren is spending like a front-runner but isn’t yet raising money like one.
Warren’s financial support came almost exclusively from grassroots, online donations: Of the more than $6 million Warren raised, the average donation wasSanders swamped Warren’s fundraising, bringing in $18 million in the first quarter. And while Warren in her 2012 Senate campaign was lauded for prodigious fundraising — $40 million in all — and an expansive donor list, O’Rourke, Sen. Kamala Harris and South Bend, Ind. Mayor Pete Buttigieg all outraised Warren in the first quarter.
There were some bright spots for Warren, including the $11.2 million she has in the bank to start the second quarter, a strong figure can sustain her campaign at least for the near future. She can go back to her existing donors for more money since so few of them have given large donations already. And in a sign of sustained enthusiasm, Warren, who raised $300,000 on her campaign launch day, was able to raise more than $1.4 million in the last week of the quarter, including 50,000 new donations.
Harris brought in $12 million, about half of which came from online donors, and she has about $9 million cash on hand, according to the campaign, with a burn rate at 30 percent. Sanders burned through about $4 million in the first quarter, even though he launched his campaign seven weeks after Warren. However, he also raised more than twice as much in his campaign account as Warren.
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