The instant he announced, Silicon Valley companies and moguls championed San Jose Mayor Matt Mahan’s bid for California governor in the June primary. But even with $15 million behind him, Mahan sputtered in sixth place.
Now, some of his backers are regrouping around a new favorite.
Former U.S. Health and Human Services Secretary Xavier Becerra has seen tens of thousands of dollars come into his campaign coffers from early Mahan backers, including YCombinator CEO Garry Tan and Snap, Inc. co-founder Evan Spiegel. Each gave the maximum allowed, $39,200, on June 26…