Scoop: JD Vance raises $4.2 million in Silicon Valley

Vice President JD Vance headlined an RNC fundraiser on Thursday night in Palo Alto, California, at the residence of influential investor and All-In Podcast host Chamath Palihapitiya, raking in $4.2 million for the Republican Party, a source familiar with the dinner tells Axios.

Why it matters: Vance, who worked in venture capital before becoming a U.S. senator from Ohio, has always had strong ties to Silicon Valley and the tech world.

The dinner was co-hosted by John Underwood of Goldman Sachs. Attendees included Coinbase co-founder and CEO Brian Armstrong, a popular voice of economic freedom on X, and Intel CEO Lip-Bu Tan.

• About two dozen supporters paid $250,000 each.

Between the lines: Vance's hat as RNC finance chair is helping him deepen relationships with big GOP donors coast to coast ahead of an expected 2028 run for president.

• 📱 Watch Dan Primack interview Chamath on this week's episode of "The Axios Show."