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Montana Sen. Jon Tester will rub elbows Monday night at a ritzy fundraiser with a partner from Silicon Valley Bank’s legal firm — three days after the California bank suffered the second-largest financial collapse in US history.
Michael J. Danaher, who represents many venture capital clients for Wilson, Sonsini Goodrich and Rosati, is hosting the 66-year-old Democrat at the posh event in Palo Alto, where donors have been asked to pay between $250 and $6,600 to attend.
Executives from an array of venture-backed tech companies will also host Tester, who bills himself as a farmer “fighting for rural America.”
They include Jon Foster, a board member of the driverless, electric vehicle company Udelv; Jesse Dorogusker, a Bitcoin hardware lead at the tech giant Block; and Greg Avis, cofounder of the venture firm Summit Partners.
A spokeswoman for Tester’s office did not respond to a request for comment. Before its fall, Silicon Valley Bank had $209 billion in assets.
Douglas Clark, a managing partner at Wilson, Sonsini Goodrich and Rosati, lists SVB as a client. The firm also provided a guidance sheet for its wealthy list of international clients that may have been affected by SVB’s failure.
