Saikat Chakrabarti spent nearly $10M of Stripe equity but finished third in the race to succeed Pelosi, as Ripple's Chris Larsen backed the frontrunner.

Saikat Chakrabarti is making an insurgent push in a district that's long been a power center for one of the country's most prominent establishment Democrats.

Former Stripe engineer Saikat Chakrabarti lost his bid to succeed Nancy Pelosi in California to a candidate backed by Ripple's Chris Larsen.

Saikat Chakrabarti spent nearly $10M of Stripe equity but finished third in the race to succeed Pelosi, as Ripple's Chris Larsen backed the frontrunner.