Presidential candidate Andrew Yang dropped out of the 2020 Democratic race after finishing well behind top-tier candidates in the Iowa caucus and New Hampshire primary.
Yang told several reporters his plan to drop out before polls closed in New Hampshire on Tuesday
“I’m not someone who wants to take people’s donations, support, time and dedication if I don’t think we have a chance to win or advance our goals in the right direction,” Yang said, according to the Daily Beast.
Yang’s campaign did not immediately respond to a request for additional comment from CNBC.
Yang began his bid for the Democratic nomination as a fringe candidate, but his signature “Freedom Dividend” policy quickly put him on the map in a crowded field. The plan offered a universal basic income of $1,000 a month to every American over the age of 18.
The entrepreneur was regularly among the top 10 Democratic candidates, according to national polls, outlasting career politicians like California Sen. Kamala Harris and New Jersey Sen. Cory Booker.
Fundraising surged in the final quarter of 2019, with the campaign ranking in more than $16.5 million. During his run, Yang amassed a loyal base of internet-savvy supporters known as the “Yang Gang,” and received endorsements from major celebrities, including actor and rapper Donald Glover and comedian Dave Chappelle.