The campaign of presidential candidate Cory Booker is defending his decision to start a tech company while he was serving as mayor of Newark, New Jersey.
Spokeswoman Sabrina Singh says Booker “jumped at the chance” to start Waywire because he saw it as a socially-conscious online video network that could bring people together.
Booker and two partners founded Waywire in 2012. Booker helped raise $1.75 million for the startup, including investments from former Google chairman Eric Schmidt and LinkedIn executives.
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But the company never really took off. He eventually cut ties with the company by donating his ownership stake to charity.
Sen. Booker’s one-time aspiration to be a tech mogul, and his long and friendly ties to the industry, could become a liability for his presidential campaign.
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