Maybe for decades, donor-money mattered (at least from VIP or agenda foundations). But if you look at social media, that’s the message-point now, and TV/Radio advertisements are of minimal value.
I’d add as well...Trump’s campaign funds aren’t exactly from VIP/agenda foundations...he’s getting $100 to $1000 contributions from the ‘little-guy’. He could put out a call today that the campaign needs $40-million in the next two weeks, and a million ‘little-guys’ would come to support him.
My comment was directed to Booster Seat Bloomberg and these a$$hats who already have illegal money funneled into their campaigns and their relatives...they each want to put restrictions on their opposition, but never will oblige to follow the law themselves.
https://www.opensecrets.org/news/2019/10/2020-democrats-want-to-get-money-out-of-politics/
https://www.cnn.com/videos/politics/2017/11/26/sotu-steyer-money.cnn