Tech Founder Enters California Governor's Race

Ethan Agarwal Enters California Gubernatorial Race

Ethan Agarwal, a tech entrepreneur with a successful track record of securing substantial venture capital funding, has announced his candidacy for Governor of California in 2026. This information was initially reported by Axios.

Background and Political Stance

Axios characterizes Agarwal as a Democrat who fundamentally supports capitalist principles. His primary focus, as conveyed to the publication, centers on the escalating expenses associated with both living and operating a business within California.

This increasing cost burden, he argues, is a significant factor driving residents and economic prospects – including film industry projects – to seek opportunities elsewhere.

Leveraging Business Expertise

Agarwal believes California is in need of leadership possessing strong business and technological understanding. He suggests his skillset offers a unique perspective compared to other declared candidates in the gubernatorial contest.

Previous Ventures

Agarwal’s entrepreneurial background includes co-founding The Coterie, a fintech company that successfully raised $80 million in venture capital, as documented by PitchBook. The assets of this company were later sold earlier in the current year.

Prior to The Coterie, he was also a co-founder of Aaptiv, an audio-based fitness application. Aaptiv secured approximately $61 million in funding before its acquisition by Pear Health Labs for an undisclosed sum.

Campaign Support and Initial Steps

Agarwal has already begun organizing campaign fundraising activities. Notable hosts for these events include Stanley Tang, co-founder of DoorDash, and Garry Tan, President of Y Combinator.

Tan, through his venture firm Initialized Capital, previously invested in The Coterie, demonstrating early support for Agarwal’s ventures.

Formalizing Candidacy

Agarwal has officially updated his LinkedIn profile to reflect his current role as a “Candidate for Governor,” signaling a formal commitment to his political aspirations.

He intends to address the state’s economic challenges with a focus on fostering a more favorable environment for both residents and businesses.