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Cory Booker, well-funded entrepreneur

By Laurie Bennett

August 8, 2013 at 8:48am

If national politics were college sports, a startup called Waywire might well be banned as a booster.

That point, never stated outright, was at the heart of the New York Times story Wednesday about Waywire, a company co-founded by Newark Mayor Cory Booker.

Cory Booker
Cory Booker

Launched last year, the online video company has drawn such big-name investors as Oprah Winfrey, Google Chairman Eric Schmidt, LinkedIn Chairman Reid Hoffman and LinkedIn CEO Jeff Weiner.

All four are also donors to Democrats.

Booker, now running for the U.S. Senate, has disclosed a stake in the company worth up to $5 million. The Times reports that his other assets are valued at no more than $730,000.

If this sounds familiar, you might be thinking of George W. Bush, Arbusto Energy and the Texas Rangers.

But that’s another story.

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