Kevin Truong

Sarah Wright

Flanked by democratic socialists, tenants rights proponents and faith-based activists, San Francisco Supervisor Dean Preston on Tuesday announced a <a href="https://content.sfstandard.com/wp-content/uploads/2022/02/Empty-Homes-Tax-Final.docx.pdf">new proposal</a> for the November ballot that would tax landlords who fail to rent out their residential properties. The goal is to activate a portion of what the city estimates are 40,000 vacant homes.

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<p>Flanked by democratic socialists, tenants rights proponents and faith-based activists, San Francisco Supervisor Dean Preston on Tuesday announced a <a href="https://content.sfstandard.com/wp-content/uploads/2022/02/Empty-Homes-Tax-Final.docx.pdf">new proposal</a> for the November ballot that would tax landlords who fail to rent out their residential properties. The goal is to activate a portion of what the city estimates are 40,000 vacant homes.</p>

Here are five key questions to consider as the city weighs the new tax:

<p>Here are five key questions to consider as the city weighs the new tax:</p>

<strong>Wait, are there really 40,000 vacant homes in SF?</strong>


<h2 class="wp-block-heading"><strong>Wait, are there really 40,000 vacant homes in SF?</strong></h2>


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<h2><strong>Wait, are there really 40,000 vacant homes in SF?</strong></h2>

That number was taken from a one-year estimate in the American Community Survey—a product of the U.S. Census Bureau, which uses monthly surveys to create yearly statistics. It’s really just an estimate the U.S. Census does for major cities like San Francisco.

<p>That number was taken from a one-year estimate in the American Community Survey—a product of the U.S. Census Bureau, which uses monthly surveys to create yearly statistics. It’s really just an estimate the U.S. Census does for major cities like San Francisco.</p>

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The one-year ACS estimate isn’t the only way of measuring the city’s vacancy rate. The ACS’s five-year survey, which relies on the same data but spans from 2014 to 2019, showed just 35,500 vacant homes in the city. And the 2020 U.S. Census counted even fewer vacant homes. But a representative from the U.S. Census said the agency recommends using the 2019 one-year estimate because more granular 2020 data was delayed due to the pandemic.&nbsp;

<p>The one-year ACS estimate isn’t the only way of measuring the city’s vacancy rate. The ACS’s five-year survey, which relies on the same data but spans from 2014 to 2019, showed just 35,500 vacant homes in the city. And the 2020 U.S. Census counted even fewer vacant homes. But a representative from the U.S. Census said the agency recommends using the 2019 one-year estimate because more granular 2020 data was delayed due to the pandemic.&nbsp;</p>

Using the one-year estimate, the <a href="https://sfgov.legistar.com/View.ashx?M=F&amp;ID=10441217&amp;GUID=3331928E-0574-4AEA-90DB-35D04F638EDB">BLA found</a> that San Francisco has around a 1% homeowner vacancy rate and a 3% rental vacancy rate—both on par with median vacancy rates in major metro areas nationwide. It’s the rest of the data, which includes units that are being held for seasonal or recreational use, that makes San Francisco’s 10% vacancy rate come out higher than average. The Census considers a unit to be vacant if no one lives there for more than two months. If no one is available at the unit for an interview, the interviewers ask neighbors or use their own observations to evaluate the property.

<p>Using the one-year estimate, the <a href="https://sfgov.legistar.com/View.ashx?M=F&amp;ID=10441217&amp;GUID=3331928E-0574-4AEA-90DB-35D04F638EDB">BLA found</a> that San Francisco has around a 1% homeowner vacancy rate and a 3% rental vacancy rate—both on par with median vacancy rates in major metro areas nationwide. It’s the rest of the data, which includes units that are being held for seasonal or recreational use, that makes San Francisco’s 10% vacancy rate come out higher than average. The Census considers a unit to be vacant if no one lives there for more than two months. If no one is available at the unit for an interview, the interviewers ask neighbors or use their own observations to evaluate the property.</p>

<strong>So what would this tax do?</strong>


<h2 class="wp-block-heading" id="h-so-what-would-this-tax-do"><strong>So what would this tax do?</strong></h2>


<h2 id="h-so-what-would-this-tax-do"><strong>So what would this tax do?</strong></h2>

Dubbed the “Empty Home Tax,” the measure would apply to buildings with three units or more where a residential unit has been vacant for more than 182 days in a year. It is broadly modeled on the <a href="https://sfstandard.com/business/new-san-francisco-tax-on-vacant-properties-may-miss-its-intended-target/">commercial vacancy tax</a> passed by San Francisco voters in 2020, and it ties the tax amount to the size of the vacant property. The fee increases the longer a home is kept vacant. If the measure makes it onto the ballot and passes, the tax would go into effect on Jan. 1, 2024.

<p>Dubbed the “Empty Home Tax,” the measure would apply to buildings with three units or more where a residential unit has been vacant for more than 182 days in a year. It is broadly modeled on the <a href="https://sfstandard.com/business/new-san-francisco-tax-on-vacant-properties-may-miss-its-intended-target/">commercial vacancy tax</a> passed by San Francisco voters in 2020, and it ties the tax amount to the size of the vacant property. The fee increases the longer a home is kept vacant. If the measure makes it onto the ballot and passes, the tax would go into effect on Jan. 1, 2024.</p>

Revenue gained from the tax would be split equally between funding for rental subsidies for seniors and low-income residents and the purchase and rehab of multi-unit affordable housing projects. All single-family homes, two-unit buildings, SRO units and affordable housing run by the city or a nonprofit would be exempt from the law, as well as properties that are leased or listed as primary residences. There is also an exclusion in the case of an owner’s death or serious illness, or if the building is under construction or repair or in the event of a natural disaster. For context, single-family homes make up 31.2% of the city’s housing stock, according to the <a href="https://data.census.gov/cedsci/table?q=san%20francisco%20single%20family%20homes">American Community Survey</a>.

<p>Revenue gained from the tax would be split equally between funding for rental subsidies for seniors and low-income residents and the purchase and rehab of multi-unit affordable housing projects. All single-family homes, two-unit buildings, SRO units and affordable housing run by the city or a nonprofit would be exempt from the law, as well as properties that are leased or listed as primary residences. There is also an exclusion in the case of an owner’s death or serious illness, or if the building is under construction or repair or in the event of a natural disaster. For context, single-family homes make up 31.2% of the city’s housing stock, according to the <a href="https://data.census.gov/cedsci/table?q=san%20francisco%20single%20family%20homes">American Community Survey</a>.</p>

<strong>Why is this being organized by the Democratic Socialists of America San Francisco and Faith in Action Bay Area?</strong>


<h2 class="wp-block-heading"><strong>Why is this being organized by the Democratic Socialists of America San Francisco and Faith in Action Bay Area?</strong></h2>


<h2><strong>Why is this being organized by the Democratic Socialists of America San Francisco and Faith in Action Bay Area?</strong></h2>

Instead of being introduced to the Board of Supervisors, the measure is attempting to make it on the ballot through the voter-initiative process. In order to qualify for the November ballot, supporters would have to collect 8,797 signatures by July 11. The decision to qualify for the ballot via the voter initiative process lowers the threshold for passage from a two-thirds supermajority to a simple majority. A San Francisco Superior Court decision that upheld San Francisco’s <a href="https://ballotpedia.org/San_Francisco,_California,_Proposition_C,_Gross_Receipts_Tax_for_Homelessness_Services_(November_2018)">Prop. C tax</a> to fund anti-homelessness efforts—even though it failed to meet the two-thirds threshold—brought about the threshold change.&nbsp;

<p>Instead of being introduced to the Board of Supervisors, the measure is attempting to make it on the ballot through the voter-initiative process. In order to qualify for the November ballot, supporters would have to collect 8,797 signatures by July 11. The decision to qualify for the ballot via the voter initiative process lowers the threshold for passage from a two-thirds supermajority to a simple majority. A San Francisco Superior Court decision that upheld San Francisco’s <a href="https://ballotpedia.org/San_Francisco,_California,_Proposition_C,_Gross_Receipts_Tax_for_Homelessness_Services_(November_2018)">Prop. C tax</a> to fund anti-homelessness efforts—even though it failed to meet the two-thirds threshold—brought about the threshold change.&nbsp;</p>

<strong>Why should we believe this will work?</strong>


<h2 class="wp-block-heading"><strong>Why should we believe this will work?</strong></h2>


<h2><strong>Why should we believe this will work?</strong></h2>

Preston and other advocates of a residential vacancy tax point to the Canadian city Vancouver, which charges owners a fee tied to the assessed property value of vacant units. Results from the city, which initially enacted its tax in 2017, have been promising at activating underused housing. In 2019, Vancouver <a href="https://www.cmhc-schl.gc.ca/en/blog/2020-housing-observer/increase-supply-rental-condominiums-vancouver">saw landlords</a> convert 8,824 condos into long-term rental units. Last year, the city nearly tripled its vacancy tax rate in 2021 from 1.25% to 3% of a property’s assessed value. There are still open questions about what the impact has been on housing costs, particularly as the empty properties are typically higher-end units.&nbsp;

<p>Preston and other advocates of a residential vacancy tax point to the Canadian city Vancouver, which charges owners a fee tied to the assessed property value of vacant units. Results from the city, which initially enacted its tax in 2017, have been promising at activating underused housing. In 2019, Vancouver <a href="https://www.cmhc-schl.gc.ca/en/blog/2020-housing-observer/increase-supply-rental-condominiums-vancouver">saw landlords</a> convert 8,824 condos into long-term rental units. Last year, the city nearly tripled its vacancy tax rate in 2021 from 1.25% to 3% of a property’s assessed value. There are still open questions about what the impact has been on housing costs, particularly as the empty properties are typically higher-end units.&nbsp;</p>

<strong>Where has this not worked?</strong>


<h2 class="wp-block-heading"><strong>Where has this not worked?</strong></h2>


<h2><strong>Where has this not worked?</strong></h2>

Washington D.C. instituted a tax aimed at vacant and blighted properties that tacked on additional property taxes. However, even though <a href="https://www.washingtonpost.com/dc-md-va/2021/07/28/dc-vacant-blighted-properties/">city officials identified</a> nearly 3,000 properties in the city as being blighted or empty, only a small fraction were taxed at the higher rate. According to Phil Mendelson, chairman of the Council of the District of Columbia, one of the major stumbling blocks has been enforcement of the law, as well as dated record keeping practices. Preston told The Standard that a number of avenues exist for San Francisco officials to enforce the tax if it passes. He specifically mentioned utility usage and the forthcoming vacant properties registry as potential avenues to track vacant units.&nbsp;&nbsp;

<p>Washington D.C. instituted a tax aimed at vacant and blighted properties that tacked on additional property taxes. However, even though <a href="https://www.washingtonpost.com/dc-md-va/2021/07/28/dc-vacant-blighted-properties/">city officials identified</a> nearly 3,000 properties in the city as being blighted or empty, only a small fraction were taxed at the higher rate. According to Phil Mendelson, chairman of the Council of the District of Columbia, one of the major stumbling blocks has been enforcement of the law, as well as dated record keeping practices. Preston told The Standard that a number of avenues exist for San Francisco officials to enforce the tax if it passes. He specifically mentioned utility usage and the forthcoming vacant properties registry as potential avenues to track vacant units.&nbsp;&nbsp;</p>

5 key questions about a push to tax landlords of SF’s vacant homes

Josh Koehn

The kids apparently went to bed, because Garry Tan is back to war. It’s nearly midnight, and he’s been firing off tweets with the precision of a sawed-off shotgun. Hot takes and ragetweets may be the coin of the realm in Elon Musk’s new world order, but even by social media standards, Tan’s metabolism for vitriol and the breadth of his disdain for what ails San Francisco is staggering.

<p>The kids apparently went to bed, because Garry Tan is back to war. It’s nearly midnight, and he’s been firing off tweets with the precision of a sawed-off shotgun. Hot takes and ragetweets may be the coin of the realm in Elon Musk’s new world order, but even by social media standards, Tan’s metabolism for vitriol and the breadth of his disdain for what ails San Francisco is staggering.</p>

Over the course of two hours, the CEO of startup incubator Y Combinator personally attacks or retweets criticism of “extremist judges,” whom he accuses of emboldening criminals with the help of local media; any supervisor who dares to oppose bonuses to hire more cops; Nancy Pelosi and lawmakers concerned about the safety of autonomous vehicles; education activists who want to change math curriculum in public schools; venture capitalists who are “evil” to startup founders; “decels” who want to pump the brakes on technological progress; Apple’s monopoly on apps; YouTube censors; and last, but certainly not least, NIMBYs.

<p>Over the course of two hours, the CEO of startup incubator Y Combinator personally attacks or retweets criticism of “extremist judges,” whom he accuses of emboldening criminals with the help of local media; any supervisor who dares to oppose bonuses to hire more cops; Nancy Pelosi and lawmakers concerned about the safety of autonomous vehicles; education activists who want to change math curriculum in public schools; venture capitalists who are “evil” to startup founders; “decels” who want to pump the brakes on technological progress; Apple’s monopoly on apps; YouTube censors; and last, but certainly not least, NIMBYs.</p>

This behavior would be less remarkable if Tan, 42, weren’t a centimillionaire and one of the most influential people in tech. He boasts 362,000 followers on X (formerly Twitter) and a quarter-million subscribers to his YouTube channel. He has also poured hundreds of thousands of dollars into local elections since 2021.&nbsp;

<p>This behavior would be less remarkable if Tan, 42, weren’t a centimillionaire and one of the most influential people in tech. He boasts 362,000 followers on X (formerly Twitter) and a quarter-million subscribers to his YouTube channel. He has also poured hundreds of thousands of dollars into local elections since 2021.&nbsp;</p>

Tan’s critics have attempted to brand him as a toxic tech bro who lacks empathy and political chops, but he’s more than a malcontent with a big microphone. In just a few years, Tan, a registered Democrat, has fashioned himself into San Francisco’s preeminent political pitbull, an attack dog with a taste for progressives.

<p>Tan’s critics have attempted to brand him as a toxic tech bro who lacks empathy and political chops, but he’s more than a malcontent with a big microphone. In just a few years, Tan, a registered Democrat, has fashioned himself into San Francisco’s preeminent political pitbull, an attack dog with a taste for progressives.</p>

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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Trump pushed SF to the hard left and with it came the grift: ideological purity enforced by the most extreme viewpoints that must be adhered to with perfection</p>&mdash; Garry Tan (@garrytan) <a href="https://twitter.com/garrytan/status/1704358928694546925?ref_src=twsrc%5Etfw">September 20, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

“One thing that I’m starting to realize about myself is I always look for chaos,” Tan said in an interview this month at Y Combinator’s cavernous headquarters, a former power station in the city’s Dogpatch neighborhood. “Most people want certainty. They want to feel comfortable. And then the true founders, they want to find chaos, and they want to turn chaos into order.”

<p>“One thing that I’m starting to realize about myself is I always look for chaos,” Tan said in an interview this month at Y Combinator’s cavernous headquarters, a former power station in the city’s Dogpatch neighborhood. “Most people want certainty. They want to feel comfortable. And then the true founders, they want to find chaos, and they want to turn chaos into order.”</p>

Tan, who lives with his wife and two young sons in Noe Valley, also wants San Franciscans to join him in picking up their pitchforks come election time in November 2024. The city is <a href="https://sfstandard.com/2023/09/18/san-francisco-ties-record-for-most-overdose-deaths-in-a-month/">on pace to smash its own record for drug overdose deaths</a>, more than 4,000 people are sleeping on the streets every night, and <a href="https://sfstandard.com/2023/09/18/san-francisco-bay-area-crime-car-break-ins-burglaries-bipping-bip-city-bipped-bippin/">property crime</a> and quality-of-life issues have made San Francisco a national punchline. With businesses fleeing and vacant Downtown towers collecting dust, the city could be creeping toward a fiscal crisis.

San Francisco ties its own record for most drug overdose deaths in a month

Why is San Francisco called Bip City?

<p>Tan, who lives with his wife and two young sons in Noe Valley, also wants San Franciscans to join him in picking up their pitchforks come election time in November 2024. The city is <a href="https://sfstandard.com/2023/09/18/san-francisco-ties-record-for-most-overdose-deaths-in-a-month/">on pace to smash its own record for drug overdose deaths</a>, more than 4,000 people are sleeping on the streets every night, and <a href="https://sfstandard.com/2023/09/18/san-francisco-bay-area-crime-car-break-ins-burglaries-bipping-bip-city-bipped-bippin/">property crime</a> and quality-of-life issues have made San Francisco a national punchline. With businesses fleeing and vacant Downtown towers collecting dust, the city could be creeping toward a fiscal crisis.</p>

Regardless of whether people like or loathe Tan, both his supporters and detractors acknowledge that few people—perhaps only <a href="https://sfstandard.com/2023/06/20/london-breed-mayor-san-francisco-drugs-homelessness-crime-economy-election/">Mayor London Breed</a>—have greater influence at this moment over the city’s political discourse.

London Breed saved herself. Can she save San Francisco?

<p>Regardless of whether people like or loathe Tan, both his supporters and detractors acknowledge that few people—perhaps only <a href="https://sfstandard.com/2023/06/20/london-breed-mayor-san-francisco-drugs-homelessness-crime-economy-election/">Mayor London Breed</a>—have greater influence at this moment over the city’s political discourse.</p>

Mayor London Breed speaks at a press conference at City Hall concerning the city’s thousands of unapproved housing projects on June 29, 2023. | Jeremy Chen/The Standard


<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/BreedPressConf062923_09.jpg?w=2500" alt="" class="wp-image-177997"/><figcaption class="wp-element-caption">Mayor London Breed speaks at a press conference at City Hall in June concerning San Francisco&#8217;s many unapproved housing projects. | Jeremy Chen/The Standard</figcaption></figure>


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<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/BreedPressConf062923_09.jpg?w=2500" alt="" class="wp-image-177997"/><figcaption class="wp-element-caption">Mayor London Breed speaks at a press conference at City Hall in June concerning San Francisco's many unapproved housing projects. | Jeremy Chen/The Standard</figcaption></figure>

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/07/BreedPressConf062923_09.jpg?w=2500" alt="" class="wp-image-177997"/><figcaption class="wp-element-caption">Mayor London Breed speaks at a press conference at City Hall in June concerning San Francisco&#8217;s many unapproved housing projects. | Jeremy Chen/The Standard</figcaption></figure>

“Where does this guy have his pull? It isn’t in banking votes in San Francisco politics. It’s in that broader, end-around messaging: the negative light that has been cast on the city,” said David Latterman, a longtime political analyst in San Francisco. “Locally, people might just roll their eyes. But you can’t deny that the national spotlight through these means—and it’s a negative spotlight—has been enough to get Breed to react. And so, in effect, it does work.”

<p>“Where does this guy have his pull? It isn’t in banking votes in San Francisco politics. It’s in that broader, end-around messaging: the negative light that has been cast on the city,” said David Latterman, a longtime political analyst in San Francisco. “Locally, people might just roll their eyes. But you can’t deny that the national spotlight through these means—and it’s a negative spotlight—has been enough to get Breed to react. And so, in effect, it does work.”</p>

In turn, online attacks against Tan are becoming increasingly aggressive, which may be why his list of accounts he’s blocked on X numbers in the tens of thousands.&nbsp;

<p>In turn, online attacks against Tan are becoming increasingly aggressive, which may be why his list of accounts he’s blocked on X numbers in the tens of thousands.&nbsp;</p>

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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">I’ll have you know I block people by hand.</p>&mdash; Garry Tan (@garrytan) <a href="https://twitter.com/garrytan/status/1516629421104320519?ref_src=twsrc%5Etfw">April 20, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

A website called <a href="https://techbrosf.weebly.com/" target="_blank" rel="noreferrer noopener">Techbro SF</a> has been trolling Tan and his political allies, circulating an image that shows Tan’s visage on a squid, suggesting his tentacles control political groups and the media—including, incorrectly, this publication. The graphic harkens back to a racist <a href="https://digitalscholarship.unlv.edu/cgi/viewcontent.cgi?referer=&amp;httpsredir=1&amp;article=1018&amp;context=cola_ug_research" target="_blank" rel="noreferrer noopener">“Mongolian Octopus”</a> illustration circulated in the late 1800s to bolster arguments against Asian immigration. Tan’s attacks on progressive supervisors who are Jewish, such as Dean Preston and Hillary Ronen, have led to accusations of antisemitism. One progressive commenter called Tan a <a href="https://x.com/SFProgressives/status/1694411877315686837?s=20" target="_blank" rel="noreferrer noopener">“lil Nazi snake.”</a> Tan responded by calling the posts smears and saying he is <a href="https://x.com/garrytan/status/1696028338194993190?s=20" target="_blank" rel="noreferrer noopener">“a big fan of Jewish people.”</a>

<p>A website called <a href="https://techbrosf.weebly.com/" target="_blank" rel="noreferrer noopener">Techbro SF</a> has been trolling Tan and his political allies, circulating an image that shows Tan’s visage on a squid, suggesting his tentacles control political groups and the media—including, incorrectly, this publication. The graphic harkens back to a racist <a href="https://digitalscholarship.unlv.edu/cgi/viewcontent.cgi?referer=&amp;httpsredir=1&amp;article=1018&amp;context=cola_ug_research" target="_blank" rel="noreferrer noopener">“Mongolian Octopus”</a> illustration circulated in the late 1800s to bolster arguments against Asian immigration. Tan’s attacks on progressive supervisors who are Jewish, such as Dean Preston and Hillary Ronen, have led to accusations of antisemitism. One progressive commenter called Tan a <a href="https://x.com/SFProgressives/status/1694411877315686837?s=20" target="_blank" rel="noreferrer noopener">“lil Nazi snake.”</a> Tan responded by calling the posts smears and saying he is <a href="https://x.com/garrytan/status/1696028338194993190?s=20" target="_blank" rel="noreferrer noopener">“a big fan of Jewish people.”</a></p>

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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">The smears are truly absurd at this point<br><br>This is a lie about me and my videos. There is literally no basis for a tweet like this. <br><br>I am in fact a big fan of Jewish people <a href="https://t.co/3rI77eF3YT">pic.twitter.com/3rI77eF3YT</a></p>&mdash; Garry Tan (@garrytan) <a href="https://twitter.com/garrytan/status/1696028338194993190?ref_src=twsrc%5Etfw">August 28, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The political maneuverings of wealthy power brokers in San Francisco have always been met with deep suspicion and pushback. Tan saw firsthand how progressives blamed people like his mentor Ron Conway, a billionaire venture capitalist, and the tech industry at large for <a href="https://www.theguardian.com/cities/2019/jul/01/san-francisco-big-tech-workers-industry" target="_blank" rel="noreferrer noopener">driving up the cost of rent and gentrifying neighborhoods</a>. Conway receded from the spotlight after <a href="https://www.sfexaminer.com/news/ron-conway-big-tech-drop-thousands-into-sleepy-sf-election/article_00342725-0356-5f79-a4c4-9e4a025a5d35.html" target="_blank" rel="noreferrer noopener">dramatically shaping city politics during Mayor Ed Lee’s administration</a>, but it appears there will be no such backing down with Tan.

<p>The political maneuverings of wealthy power brokers in San Francisco have always been met with deep suspicion and pushback. Tan saw firsthand how progressives blamed people like his mentor Ron Conway, a billionaire venture capitalist, and the tech industry at large for <a href="https://www.theguardian.com/cities/2019/jul/01/san-francisco-big-tech-workers-industry" target="_blank" rel="noreferrer noopener">driving up the cost of rent and gentrifying neighborhoods</a>. Conway receded from the spotlight after <a href="https://www.sfexaminer.com/news/ron-conway-big-tech-drop-thousands-into-sleepy-sf-election/article_00342725-0356-5f79-a4c4-9e4a025a5d35.html" target="_blank" rel="noreferrer noopener">dramatically shaping city politics during Mayor Ed Lee’s administration</a>, but it appears there will be no such backing down with Tan.</p>

“Every way they come after me,” he said, “I’m going to go after them 10x.”

<p>“Every way they come after me,” he said, “I’m going to go after them 10x.”</p>

<strong>‘Prototypical, Testosterone, Poisoned Tech Bro’</strong>


<h2 class="wp-block-heading" id="h-prototypical-testosterone-poisoned-tech-bro"><strong>‘Prototypical, Testosterone, Poisoned Tech Bro’</strong></h2>


Tan’s massive social media following—and real-world clout as leader of what some consider the top startup incubator in the world—gives every acerbic tweet about housing, the drug crisis and public safety a special weight among the city’s tech and political classes. Over the summer, he and Musk started <a href="https://twitter.com/elonmusk/status/1695215145218445323">replying to each other’s posts</a>, giving Tan an even larger reach thanks to the budding digital bromance.

<p>Tan’s massive social media following—and real-world clout as leader of what some consider the top startup incubator in the world—gives every acerbic tweet about housing, the drug crisis and public safety a special weight among the city’s tech and political classes. Over the summer, he and Musk started <a href="https://twitter.com/elonmusk/status/1695215145218445323">replying to each other’s posts</a>, giving Tan an even larger reach thanks to the budding digital bromance.</p>

Elon Musk (pictured) and Garry Tan tweeted support for a boycott of global law firm Latham & Watkins for providing legal support to a San Francisco nonprofit that’s suing the city over the rights of homeless people. (Photo by Chesnot/Getty Images)


<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/08/GettyImages-1499013102.jpg?w=2500" alt="" class="wp-image-195654"/><figcaption class="wp-element-caption">Elon Musk replied in support to a Garry Tan tweet calling for a boycott of Latham &amp; Watkins because the global law firm provided legal support to a San Francisco nonprofit that’s suing the city over homelessness issues.</figcaption></figure>


In direct broadsides on X, Tan has drop-kicked state Assemblymember Matt Haney for <a href="https://x.com/garrytan/status/1685313515207405569?s=20" target="_blank" rel="noreferrer noopener">“virtue signaling”</a> on the drug crisis, tagged Supervisors Connie Chan and Aaron Peskin as part of the <a href="https://x.com/garrytan/status/1694003826997821843?s=20" target="_blank" rel="noreferrer noopener">“corrupt political machine,”</a> suggested Ronen has the <a href="https://x.com/garrytan/status/1697710431341781461?s=20" target="_blank" rel="noreferrer noopener">IQ of a borderline intellectually disabled person</a> and <a href="https://x.com/garrytan/status/1690583104740876289?s=20" target="_blank" rel="noreferrer noopener">declared all-out war on Preston</a>, a Democratic Socialist. Tan has also called for abolishing citizen oversight groups like the Police Commission, a proposal political insiders have scoffed at as an example of naivete.

<p>In direct broadsides on X, Tan has drop-kicked state Assemblymember Matt Haney for <a href="https://x.com/garrytan/status/1685313515207405569?s=20" target="_blank" rel="noreferrer noopener">“virtue signaling”</a> on the drug crisis, tagged Supervisors Connie Chan and Aaron Peskin as part of the <a href="https://x.com/garrytan/status/1694003826997821843?s=20" target="_blank" rel="noreferrer noopener">“corrupt political machine,”</a> suggested Ronen has the <a href="https://x.com/garrytan/status/1697710431341781461?s=20" target="_blank" rel="noreferrer noopener">IQ of a borderline intellectually disabled person</a> and <a href="https://x.com/garrytan/status/1690583104740876289?s=20" target="_blank" rel="noreferrer noopener">declared all-out war on Preston</a>, a Democratic Socialist. Tan has also called for abolishing citizen oversight groups like the Police Commission, a proposal political insiders have scoffed at as an example of naivete.</p>

Peskin said he has never met Tan but sees him as a “prototypical, testosterone, poisoned tech bro.” The supervisor questioned Tan’s goals beyond “throwing bombs.”

<p>Peskin said he has never met Tan but sees him as a “prototypical, testosterone, poisoned tech bro.” The supervisor questioned Tan’s goals beyond “throwing bombs.”</p>

“He definitely donates money to campaigns,” Peskin said. “But he doesn’t seem to be a [political] player that is actually looking for solutions or sitting down and trying to have mature conversations about how to make the city a better place.”

<p>“He definitely donates money to campaigns,” Peskin said. “But he doesn’t seem to be a [political] player that is actually looking for solutions or sitting down and trying to have mature conversations about how to make the city a better place.”</p>

Tan has contributed more than $278,000 to political campaigns since early 2021, putting him in the top tier of individual spenders in San Francisco. While Tan has made it abundantly clear whom he doesn&#8217;t support, he’s more evasive about whom he plans to back in next year’s elections.

<p>Tan has contributed more than $278,000 to political campaigns since early 2021, putting him in the top tier of individual spenders in San Francisco. While Tan has made it abundantly clear whom he doesn't support, he’s more evasive about whom he plans to back in next year’s elections.</p>

<p>Tan has contributed more than $278,000 to political campaigns since early 2021, putting him in the top tier of individual spenders in San Francisco. While Tan has made it abundantly clear whom he doesn&#8217;t support, he’s more evasive about whom he plans to back in next year’s elections.</p>

Tech entrepreneur and CEO of Y Combinator Garry Tan smiles during an interview at his Y Combinator offices in the Dogpatch neighborhood of San Francisco on Sept. 14, 2023.


<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/09/INLINED08_GarryTan09262023.jpg?w=2500" alt="" class="wp-image-204988"/><figcaption class="wp-element-caption">Tech entrepreneur and CEO of Y Combinator Garry Tan smiles during an interview at his Y Combinator offices in the Dogpatch neighborhood of San Francisco on Sept. 14.</figcaption></figure>


This summer, Tan held a fundraiser for Breed at a condo he owns near Dolores Park in the Mission. Breed’s approval ratings have plummeted since the start of the pandemic, and the private event offered the beleaguered mayor a chance to rekindle support from her frustrated base.

<p>This summer, Tan held a fundraiser for Breed at a condo he owns near Dolores Park in the Mission. Breed’s approval ratings have plummeted since the start of the pandemic, and the private event offered the beleaguered mayor a chance to rekindle support from her frustrated base.</p>

Tan, who supported Breed’s appointments of <a href="https://sfstandard.com/2023/07/06/brooke-jenkins-promise-end-drug-dealing/">District Attorney Brooke Jenkins</a> and <a href="https://sfstandard.com/2022/10/20/matt-dorsey-drug-crisis-addiction-police-san-francisco-supervisor/">Supervisor Matt Dorsey</a>, considers the mayor to be a “friend” and said the two text each other. But even after giving money to her campaign last year and throwing her a fundraiser, he won’t commit to officially backing Breed in the November 2024 election.

Has San Francisco DA Brooke Jenkins’ drug-dealing crackdown made a dent?

Recovering addict Matt Dorsey sells SF on how to solve its drug crisis

<p>Tan, who supported Breed’s appointments of <a href="https://sfstandard.com/2023/07/06/brooke-jenkins-promise-end-drug-dealing/">District Attorney Brooke Jenkins</a> and <a href="https://sfstandard.com/2022/10/20/matt-dorsey-drug-crisis-addiction-police-san-francisco-supervisor/">Supervisor Matt Dorsey</a>, considers the mayor to be a “friend” and said the two text each other. But even after giving money to her campaign last year and throwing her a fundraiser, he won’t commit to officially backing Breed in the November 2024 election.</p>

“No,” Tan said. “I’m a big fan, and honestly, we don’t even know who the field [of candidates] is yet. So, it’d be way premature to say either way. I can say I’m a fan and supporter. Like, she’s definitely going to be on my ranked-choice vote.”

<p>“No,” Tan said. “I’m a big fan, and honestly, we don’t even know who the field [of candidates] is yet. So, it’d be way premature to say either way. I can say I’m a fan and supporter. Like, she’s definitely going to be on my ranked-choice vote.”</p>

A day prior to his interview with The Standard, Tan met Daniel Lurie, an anti-poverty nonprofit founder and heir to the Levi Strauss fortune <a href="https://sfstandard.com/2023/09/26/qa-daniel-lurie-cites-crisis-of-leadership-in-run-for-san-francisco-mayor/">who is running for mayor</a>. Tan said he walked away from their conversation impressed.

Why is Daniel Lurie running for San Francisco mayor? He says city has leadership ‘crisis’

<p>A day prior to his interview with The Standard, Tan met Daniel Lurie, an anti-poverty nonprofit founder and heir to the Levi Strauss fortune <a href="https://sfstandard.com/2023/09/26/qa-daniel-lurie-cites-crisis-of-leadership-in-run-for-san-francisco-mayor/">who is running for mayor</a>. Tan said he walked away from their conversation impressed.</p>

Daniel Lurie shakes hands at a press conference at the Potrero Hill Neighborhood House after filing paperwork officially announcing his candidacy for mayor of San Francisco with the Department of Elections on Sept. 26, 2023.


<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/09/LurieForMayor09262023__0818-1.jpg?w=2500" alt="" class="wp-image-204933"/><figcaption class="wp-element-caption">Daniel Lurie shakes hands at a press conference at the Potrero Hill Neighborhood House after filing paperwork officially announcing his candidacy for mayor of San Francisco with the Department of Elections.</figcaption></figure>


Tan’s support is likely to carry enormous sway in the city’s growing collection of moderate-leaning political groups, some of which Tan is advising. Tan sits on the board of GrowSF, a moderate group launched by two former tech workers, and is part of the “donor table” for <a href="https://sfstandard.com/2023/03/20/tech-families-abundant-sf-millions-housing-transportation-education/">Abundant SF, a coalition of upper-crust tech entrepreneurs</a> who plan to pool millions of dollars to spend on city elections each year starting in 2024.

San Francisco &#8216;tech families&#8217; plot to spend millions influencing policy

<p>Tan’s support is likely to carry enormous sway in the city’s growing collection of moderate-leaning political groups, some of which Tan is advising. Tan sits on the board of GrowSF, a moderate group launched by two former tech workers, and is part of the “donor table” for <a href="https://sfstandard.com/2023/03/20/tech-families-abundant-sf-millions-housing-transportation-education/">Abundant SF, a coalition of upper-crust tech entrepreneurs</a> who plan to pool millions of dollars to spend on city elections each year starting in 2024.</p>

Tan’s chaotic foray into politics appears to mark a new era from the high-society, ball gown and bowtie power brokers of the past.

<p>Tan’s chaotic foray into politics appears to mark a new era from the high-society, ball gown and bowtie power brokers of the past.</p>

“The old guard of people in politics, kind of like the Downtown developers and <a href="https://www.nytimes.com/2010/06/27/us/politics/27shorenstein.html" target="_blank" rel="noreferrer noopener">the Shorensteins</a> and <a href="https://www.latimes.com/projects/la-pol-ca-gavin-newsom-san-francisco-money/" target="_blank" rel="noreferrer noopener">the Fishers</a>, that’s a different class,” said Todd David, political director of Abundant SF. “When I think of the new generation of business leaders, especially the young ones, it’s hard for me to think of anyone who is more important than Garry.”

<p>“The old guard of people in politics, kind of like the Downtown developers and <a href="https://www.nytimes.com/2010/06/27/us/politics/27shorenstein.html" target="_blank" rel="noreferrer noopener">the Shorensteins</a> and <a href="https://www.latimes.com/projects/la-pol-ca-gavin-newsom-san-francisco-money/" target="_blank" rel="noreferrer noopener">the Fishers</a>, that’s a different class,” said Todd David, political director of Abundant SF. “When I think of the new generation of business leaders, especially the young ones, it’s hard for me to think of anyone who is more important than Garry.”</p>

<strong>‘People Just Read It and Engage’</strong>


<h2 class="wp-block-heading" id="h-people-just-read-it-and-engage"><strong>‘People Just Read It and Engage’</strong></h2>


Tan’s origin story is far from glamorous, and the trauma he endured as a child, along with the training he received, seems to have made him uniquely suited for the stress of startup culture and San Francisco politics. He was born in 1981 in Winnipeg, Canada. His ethnically Chinese parents—his father was from Singapore and his mother was from Burma—met at an A&amp;W Root Beer restaurant and struggled to make ends meet.&nbsp;

<p>Tan’s origin story is far from glamorous, and the trauma he endured as a child, along with the training he received, seems to have made him uniquely suited for the stress of startup culture and San Francisco politics. He was born in 1981 in Winnipeg, Canada. His ethnically Chinese parents—his father was from Singapore and his mother was from Burma—met at an A&amp;W Root Beer restaurant and struggled to make ends meet.&nbsp;</p>

The family moved around—once to California, then back to Canada—before settling in Fremont in 1991. His dad, a mechanical engineer, drank too much and changed jobs often. His mother’s limited English skills prevented her from trading in her two jobs, including work at a convalescent home, to pursue her dream of becoming a registered nurse.&nbsp;

<p>The family moved around—once to California, then back to Canada—before settling in Fremont in 1991. His dad, a mechanical engineer, drank too much and changed jobs often. His mother’s limited English skills prevented her from trading in her two jobs, including work at a convalescent home, to pursue her dream of becoming a registered nurse.&nbsp;</p>

Garry Tan displays his TI-99 Texas Instruments calculator and handbook while sitting next to his computers at his home in Fremont in 1999.  


<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/09/INLINED04_GarryTan09262023.png?w=1200" alt="" class="wp-image-204984"/><figcaption class="wp-element-caption">Garry Tan displays his TI-89 Texas Instruments calculator and handbook while sitting next to his computers at his home in Fremont in 1999.  </figcaption></figure>


Tan’s father would come home and pass off machinist paperwork to Garry, the eldest of two sons, so he could relax and drink beer. Food was often in short supply—in interviews, Tan has recalled <a href="https://thefederalist.com/2022/02/07/the-backlash-against-leftist-extremism-in-schools-is-even-hitting-san-francisco/" target="_blank" rel="noreferrer noopener">meals of sliced bread dipped in milk</a>—and his father’s discipline could be severe. The tension of home life was paired with mundane family outings in which his father would take him to technical bookstores, preparing Tan for a life of building and breaking things.

<p>Tan’s father would come home and pass off machinist paperwork to Garry, the eldest of two sons, so he could relax and drink beer. Food was often in short supply—in interviews, Tan has recalled <a href="https://thefederalist.com/2022/02/07/the-backlash-against-leftist-extremism-in-schools-is-even-hitting-san-francisco/" target="_blank" rel="noreferrer noopener">meals of sliced bread dipped in milk</a>—and his father’s discipline could be severe. The tension of home life was paired with mundane family outings in which his father would take him to technical bookstores, preparing Tan for a life of building and breaking things.</p>

“It&#8217;s hyper common for founders to basically have limbic systems that are tuned up in a way where if it’s, like, too calm or too safe, they start looking for things to find stimulation,” Tan said.

<p>“It's hyper common for founders to basically have limbic systems that are tuned up in a way where if it’s, like, too calm or too safe, they start looking for things to find stimulation,” Tan said.</p>

<p>“It&#8217;s hyper common for founders to basically have limbic systems that are tuned up in a way where if it’s, like, too calm or too safe, they start looking for things to find stimulation,” Tan said.</p>

At age 14, Tan started cold-calling companies in the Yellow Pages to land a $7-an-hour job building city websites, a grind that eventually paid off with Tan helping his parents make a down payment on a house. In middle school, Tan and a friend created a website that became an “underground newspaper” tackling thorny issues like California’s three-strikes law.&nbsp;

<p>At age 14, Tan started cold-calling companies in the Yellow Pages to land a $7-an-hour job building city websites, a grind that eventually paid off with Tan helping his parents make a down payment on a house. In middle school, Tan and a friend created a website that became an “underground newspaper” tackling thorny issues like California’s three-strikes law.&nbsp;</p>

An American High School yearbook photo of Sophomore Garry Tan, center, during class in 1997.


<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/09/INLINED05_GarryTan09262023.jpg?w=1800" alt="" class="wp-image-204985"/><figcaption class="wp-element-caption">An American High School yearbook photo shows sophomore Garry Tan, center, during class in 1997.</figcaption></figure>


“I just got addicted to this idea that media was a way that you could actually have an influence on the world around us,” Tan said. “And on the internet, it sort of didn’t matter who you were. People just read it and engage with it.”

<p>“I just got addicted to this idea that media was a way that you could actually have an influence on the world around us,” Tan said. “And on the internet, it sort of didn’t matter who you were. People just read it and engage with it.”</p>

Obviously, the difference now is what Tan says matters.

<p>Obviously, the difference now is what Tan says matters.</p>

After graduating from American High School in Fremont and receiving a computer engineering degree from Stanford in 2003, Tan worked at Microsoft and became an early employee at Peter Thiel’s Palantir. He joined the Y Combinator program as a partner in 2011, and a year later, he sold his first startup, a blogging and sharing platform called Posterous, for $20 million. He created another company similar to his first before launching Initialized Capital, a venture capital firm that hit big with Instacart and Coinbase.

<p>After graduating from American High School in Fremont and receiving a computer engineering degree from Stanford in 2003, Tan worked at Microsoft and became an early employee at Peter Thiel’s Palantir. He joined the Y Combinator program as a partner in 2011, and a year later, he sold his first startup, a blogging and sharing platform called Posterous, for $20 million. He created another company similar to his first before launching Initialized Capital, a venture capital firm that hit big with Instacart and Coinbase.</p>

Tan has voted in all but one San Francisco election since 2014 after moving to the city about two years earlier. Tan contributed $5,139 to various campaigns in 2015 and 2016 and supported Sonja Trauss and other YIMBY housing activists. But it wasn’t until the 2022 district attorney and school board recalls that Tan—infuriated by the city’s public school system and a spike in hate crimes targeting Asian Americans and Pacific Islanders (AAPI)—began more aggressively speaking out and pouring money into campaigns.

<p>Tan has voted in all but one San Francisco election since 2014 after moving to the city about two years earlier. Tan contributed $5,139 to various campaigns in 2015 and 2016 and supported Sonja Trauss and other YIMBY housing activists. But it wasn’t until the 2022 district attorney and school board recalls that Tan—infuriated by the city’s public school system and a spike in hate crimes targeting Asian Americans and Pacific Islanders (AAPI)—began more aggressively speaking out and pouring money into campaigns.</p>

“You see this in Garry and, just in general, in <a href="https://sfstandard.com/2022/10/12/asian-voters-momentum/">how the AAPI community is voting right now</a>,” said Lee Edwards, a friend of Tan’s and a fellow venture capitalist.&nbsp; “When you look at safety and you look at public schools, these are things that the community cares a lot about, particularly if they’re first-, second- or third-generation immigrants.”

Asian voters drove SF’s recalls. Will that momentum continue to November?

<p>“You see this in Garry and, just in general, in <a href="https://sfstandard.com/2022/10/12/asian-voters-momentum/">how the AAPI community is voting right now</a>,” said Lee Edwards, a friend of Tan’s and a fellow venture capitalist.&nbsp; “When you look at safety and you look at public schools, these are things that the community cares a lot about, particularly if they’re first-, second- or third-generation immigrants.”</p>

A volunteer campaigning to recall the SF School Board reminds passersby of the upcoming election to real the San Francisco School Board on Feb 14, 2022. The City Attorney’s Office is responding to a lawsuit against by a Republican operative that asserts that San Franciscan non-citizens did not have the right vote in San Francisco Unified School District elections. | Camille Cohen/The Standard


<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2022/07/NoncitizenVoterRights_FEATURED01.jpg?w=2048" alt="" class="wp-image-57838"/><figcaption class="wp-element-caption">A volunteer campaigning to recall the SF School Board reminds passersby of the election that was held on Feb. 14, 2022. | Camille Cohen/The Standard</figcaption></figure>


Kim-Mai Cutler, a close friend of Tan’s who worked as a tech journalist before joining his former investment firm, Initialized Capital, suggested the departure of Donald Trump from the White House has made San Franciscans like Tan less concerned with assaults on democracy, LGBTQ+ rights and immigrants; instead, they are taking a harder look at the conditions here at home.

<p>Kim-Mai Cutler, a close friend of Tan’s who worked as a tech journalist before joining his former investment firm, Initialized Capital, suggested the departure of Donald Trump from the White House has made San Franciscans like Tan less concerned with assaults on democracy, LGBTQ+ rights and immigrants; instead, they are taking a harder look at the conditions here at home.</p>

“That [wave of electing progressives] was very much fueled by the Trump presidency and people wanting to make a clear statement that they were as far away from that as possible,” Cutler said. “In some ways, maybe Garry&#8217;s trajectory mirrors that shift in the tone of city politics.”

<p>“That [wave of electing progressives] was very much fueled by the Trump presidency and people wanting to make a clear statement that they were as far away from that as possible,” Cutler said. “In some ways, maybe Garry's trajectory mirrors that shift in the tone of city politics.”</p>

<p>“That [wave of electing progressives] was very much fueled by the Trump presidency and people wanting to make a clear statement that they were as far away from that as possible,” Cutler said. “In some ways, maybe Garry&#8217;s trajectory mirrors that shift in the tone of city politics.”</p>

<strong>‘The More I Find Out About Him, the More Angry I Get’</strong>


<h2 class="wp-block-heading" id="h-the-more-i-find-out-about-him-the-more-angry-i-get"><strong>‘The More I Find Out About Him, the More Angry I Get’</strong></h2>


It isn’t difficult to see how Tan and Supervisor Dean Preston see the world in different colors.&nbsp;

<p>It isn’t difficult to see how Tan and Supervisor Dean Preston see the world in different colors.&nbsp;</p>

In contrast to Tan’s hardscrabble beginnings, the 53-year-old Preston grew up in Greenwich Village with the safety net of generational wealth before coming to San Francisco to work as a tenants rights attorney. Eight years after Tan and his family arrived in Fremont, Preston and his wife were buying <a href="https://sfstandard.com/2022/07/14/property-stock-crypto-sf-mayor-supervisors/">a 2,400-square-foot home overlooking the Painted Ladies and Alamo Square</a>.&nbsp;

Crypto, tech stocks and expensive homes: What SF&#8217;s elected officials own

<p>In contrast to Tan’s hardscrabble beginnings, the 53-year-old Preston grew up in Greenwich Village with the safety net of generational wealth before coming to San Francisco to work as a tenants rights attorney. Eight years after Tan and his family arrived in Fremont, Preston and his wife were buying <a href="https://sfstandard.com/2022/07/14/property-stock-crypto-sf-mayor-supervisors/">a 2,400-square-foot home overlooking the Painted Ladies and Alamo Square</a>.&nbsp;</p>

Supervisor Dean Preston speaks at a rally to protest illegal evictions in San Francisco on Aug. 5, 2022. | Juliana Yamada/The Standard


<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/02/PrestonAndWalton-507.jpg?w=2500" alt="" class="wp-image-126530"/><figcaption class="wp-element-caption">Supervisor Dean Preston speaks at a rally to protest illegal evictions in San Francisco on Aug. 5, 2022. | Juliana Yamada/The Standard</figcaption></figure>


“We’re, like, exactly the polar opposite,” Tan said. “I don’t think I’ve found a single thing I agree with him on. … What’s funny is I don&#8217;t think it’s personal. It was the policies that made me angry first. And the more I find out about him, the more angry I get.”

<p>“We’re, like, exactly the polar opposite,” Tan said. “I don’t think I’ve found a single thing I agree with him on. … What’s funny is I don't think it’s personal. It was the policies that made me angry first. And the more I find out about him, the more angry I get.”</p>

<p>“We’re, like, exactly the polar opposite,” Tan said. “I don’t think I’ve found a single thing I agree with him on. … What’s funny is I don&#8217;t think it’s personal. It was the policies that made me angry first. And the more I find out about him, the more angry I get.”</p>

GrowSF launched a campaign committee this summer colloquially called the “Dump Dean PAC,” with Tan contributing $50,000 to the effort. The group’s website ticks off 31 reasons why voters should not reelect Preston, whose supervisorial district includes the Haight and the Tenderloin. The arguments against Preston range from his opposition to numerous housing projects and calls to defund police to his stances against last year’s recall elections. Tan has recited many of these points in dozens of social media posts, accusing Preston of <a href="https://x.com/garrytan/status/1705300648156426491?s=20" target="_blank" rel="noreferrer noopener">“ruining”</a> San Francisco.

<p>GrowSF launched a campaign committee this summer colloquially called the “Dump Dean PAC,” with Tan contributing $50,000 to the effort. The group’s website ticks off 31 reasons why voters should not reelect Preston, whose supervisorial district includes the Haight and the Tenderloin. The arguments against Preston range from his opposition to numerous housing projects and calls to defund police to his stances against last year’s recall elections. Tan has recited many of these points in dozens of social media posts, accusing Preston of <a href="https://x.com/garrytan/status/1705300648156426491?s=20" target="_blank" rel="noreferrer noopener">“ruining”</a> San Francisco.</p>

<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
https://twitter.com/garrytan/status/1704913185781006421?s=20
</div></figure>

<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">As if on cue, my car got bipped this morning <a href="https://t.co/NTnHco58zf">https://t.co/NTnHco58zf</a> <a href="https://t.co/LR6SPg7wdq">pic.twitter.com/LR6SPg7wdq</a></p>&mdash; Garry Tan (@garrytan) <a href="https://twitter.com/garrytan/status/1704913185781006421?ref_src=twsrc%5Etfw">September 21, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<p>The contempt appears to be mutual.</p>

In an appearance this month at the First Unitarian Universalist Society of San Francisco, Preston—who joined the Board of Supervisors in 2019—blamed the city’s ills on wealthy elites and a “billionaire backlash” that he said has rolled back progressive reforms.

<p>In an appearance this month at the First Unitarian Universalist Society of San Francisco, Preston—who joined the Board of Supervisors in 2019—blamed the city’s ills on wealthy elites and a “billionaire backlash” that he said has rolled back progressive reforms.</p>

“Even worse than the billionaires like Musk are the wannabe billionaires. Like, they only have hundreds of millions,” Preston said. “Guys like Garry Tan and others, they’re very angry that they’re not yet billionaires, so they’re even more toxic.”

<p>“Even worse than the billionaires like Musk are the wannabe billionaires. Like, they only have hundreds of millions,” Preston said. “Guys like Garry Tan and others, they’re very angry that they’re not yet billionaires, so they’re even more toxic.”</p>

Tan laughed when he heard about Preston’s speech being posted to YouTube, which also features a channel Tan has fine-tuned with advice from <a href="https://www.youtube.com/channel/UCX6OQ3DkcsbYNE6H8uQQuVA" target="_blank" rel="noreferrer noopener">social media star Mr. Beast</a> to share life lessons and business strategies.

<p>Tan laughed when he heard about Preston’s speech being posted to YouTube, which also features a channel Tan has fine-tuned with advice from <a href="https://www.youtube.com/channel/UCX6OQ3DkcsbYNE6H8uQQuVA" target="_blank" rel="noreferrer noopener">social media star Mr. Beast</a> to share life lessons and business strategies.</p>

“Like, they’re anti-capitalists,” Tan said. “I’m a capitalist! Basically, I feel like I have to [fight back]. It feels like a little bit of a duty.”

<p>“Like, they’re anti-capitalists,” Tan said. “I’m a capitalist! Basically, I feel like I have to [fight back]. It feels like a little bit of a duty.”</p>

Garry Tan, left, then the co-founder and managing partner of Initialized Capital, talks with Tim Draper during the opening day of Web Summit 2018 at the Altice Arena in Lisbon, Portugal, on Nov. 6, 2018.


<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/09/INLINED01_GarryTan09262023.jpg?w=2500" alt="" class="wp-image-204981"/><figcaption class="wp-element-caption">Garry Tan, then the co-founder and managing partner of Initialized Capital, talks with Tim Draper during the opening day of Web Summit 2018 at the Altice Arena in Lisbon, Portugal.</figcaption></figure>


The war between Preston and Tan is clearly personal. But a recent exchange shows how Tan’s social media tactics can act as a double-edged sword. The same day <a href="https://sfstandard.com/2023/09/22/elon-musk-pledges-100k-to-defeat-san-francisco-elected-official-dean-preston/">Musk pledged to double Tan’s $50,000 donation to GrowSF</a>, Preston sent out a call for donations saying that he is running against the “billionaire class.”

Elon Musk pledges $100K to defeat this San Francisco elected official

<p>The war between Preston and Tan is clearly personal. But a recent exchange shows how Tan’s social media tactics can act as a double-edged sword. The same day <a href="https://sfstandard.com/2023/09/22/elon-musk-pledges-100k-to-defeat-san-francisco-elected-official-dean-preston/">Musk pledged to double Tan’s $50,000 donation to GrowSF</a>, Preston sent out a call for donations saying that he is running against the “billionaire class.”</p>

Bilal Mahmood, a tech entrepreneur who is expected to challenge Preston in next year’s election, attempted to distance himself from Musk in a post on X. While he has little in common with Preston, Mahmood’s reaction could have just as easily come from one of the supervisor’s supporters—a seeming acknowledgment that, in Preston’s progressive district, any association with the divisive billionaire would be a political non-starter.&nbsp;

<p>Bilal Mahmood, a tech entrepreneur who is expected to challenge Preston in next year’s election, attempted to distance himself from Musk in a post on X. While he has little in common with Preston, Mahmood’s reaction could have just as easily come from one of the supervisor’s supporters—a seeming acknowledgment that, in Preston’s progressive district, any association with the divisive billionaire would be a political non-starter.&nbsp;</p>

“San Francisco is a city of progressive values,” Mahmood tweeted. “Elon should keep his fucking money out of our politics.”

<p>“San Francisco is a city of progressive values,” Mahmood tweeted. “Elon should keep his fucking money out of our politics.”</p>

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