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Andrew Yang ends his campaign for presidency

Andrew Yang, an entrepreneur whose signature policy included giving all adults a monthly stipend, has ended his quest for the presidency, he confirmed Tuesday shortly after the polls closed in New Hampshire.

“It’s clear tonight from the numbers that we are not going to win this race,” he told supporters at his campaign headquarters in Durham, N.H.

“We’ve accomplished so much together,” Yang continued. “We have brought a message of humanity first and a vision of an economy and society that works for us and fellow Americans.”

Yang said his campaign highlighted real problems that communities are facing as the economy is being transformed by technology and automation. A universal basic income has become part of the mainstream conversation, he said.

Yang’s candidacy comes to an end following an unexpected rise last year, where he outlasted a New York City mayor, former and current governors, and even several U.S. senators in his quest for the presidency. Despite being relatively unknown when he first announced his candidacy, Yang grew an energetic and passionate base – known as the Yang Gang – that propelled him into a household name.

Yang, 45, is the founder of the nonprofit Venture for America, and before announcing his campaign for presidency, had never run for elected office before. The Obama administration selected him in 2012 as a “Champion of Change” and in 2015 as a Presidential Ambassador for “Global Entrepreneurship.”

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