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The Lincoln Project convinced Democratic donors to part with $39,384,397 in Q3. It burned a staggering $13 million on operating expenditures, made $23.9M of IEs (mostly routed into its founders firms), and ended with $13.2M on hand. https://twitter.com/CATargetBot/status/1316358128062013443
Among @ProjectLincoln's Q3 donors, $300,000 from liberal dark money group Sixteen Thirty Fund https://twitter.com/CATargetBot/status/1316358194109710340
Catering to #Resist donors has been a lucrative reversal of fortune for the Lincoln Project's founders. Reed Galen's Summit Strategic was paid $18.8M in Q3, Ron Steslow's TUSK Digital got $8.7M, Kurt Bardella's Endeavor Strategy got $153K
Nice work if you can get it. Lincoln Project founder Reed Galen's Summit Strategic logged $129,668 in expenditures for lodging reimbursement in August.
The turnaround for Galen's firm is particularly pronounced, coming off a 2018 cycle where its only receipts from a federal client amounted to $12,000 from an IE backing a GOP primary challenger to Dana Rohrabacher.
Looking through the top transactions, the amount spent on 'Research Services' suggests they're overpaying for someone to trawl through twitter to snatch up other people's content.
