Vivek Ramaswamy, a biotech entrepreneur, investor, and conservative activist, is rethinking political giving with a new plan aimed at shaking up the business of politics. His plan, called “Vivek’s Kitchen Cabinet,” offers participants a personal link to share with others, and they will be paid as independent contractors if they generate funds for his campaign. Ramaswamy was inspired to disrupt the traditional model after meeting with professional fundraisers who charged up to 20 percent of what donors give. He believes that breaking up the oligopoly and offering a unique approach to attracting support will set him apart from other candidates. While drawing more donors is not necessary for Ramaswamy to qualify for the first Republican presidential debate, it could help alleviate his need to self-fund his campaign. The legality of his plan has been vetted by the Federal Election Commission, although some experts see potential problems, such as supporters pressuring others in their network to contribute.
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