Venture capitalist, former Facebook executive won't run for governor after all

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A former Facebook executive won't be running for governor, despite strong overtures and big donations to a ongoing recall effort.

Chamath Palihapitiya, a Silicon Valley venture capitalist who’s financially supported growing statewide efforts to recall Gov. Gavin Newsom, told the "The All-In Podcast" he isn't a candidate for the job.

"Let's be really honest. I'm not ready to do any of that," he said.

At least, it looked that way for a while.

Palihapitiya had launched what appeared to be a campaign website. He's currently the CEO of venture capital firm Social Capital and a minority stakeholder in the Golden State Warriors. At Facebook, Palihapitiya’s LinkedIn listed positions as Vice President, User Growth (Mobile & International) and Vice President, Platform & Monetization.

Chamath Palihapitiya of Social+Capital Partnership speaks onstage with Leena Rao of TechCrunch at the TechCrunch Disrupt NY 2013 at The Manhattan Center on April 29, 2013 in New York City.
Chamath Palihapitiya of Social+Capital Partnership speaks onstage with Leena Rao of TechCrunch at the TechCrunch Disrupt NY 2013 at The Manhattan Center on April 29, 2013 in New York City. Photo credit Brian Ach/Getty Images

Palihapitiya had not filed any official paperwork for a gubernatorial run, according to SFGate. The publication reported "tens of thousands of dollars" in donations to state Democratic parties over the last year.

"California is a mess - it's too expensive, our teachers are underpaid, and our schools aren't good enough," Palihapitiya’s website said.

Under a "Let’s Move California Forward" banner, several policy proposals are listed, including a minimum $70,000 salary for teachers, free school vouchers, no student loans and a zero percent state tax, among others.

While a recall effort against Gov. Newsom is gaining steam, it’s not certain the campaign will gather enough signatures to make it to a vote.

Featured Image Photo Credit: Brian Ach/Getty Images