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'PAC to End PACs' Hits $5 Million Funding Goal

A total of 49,490 people have contributed to the Mayday PAC, reflecting a large number of smaller-sized contributions averaging around $100 each.

The group has also received endorsements from several notable figures, including actors Jason Alexander and Joseph Gordon-Levitt.

The group arises amidst much frustration over the prevalence of money in political campaigns, with a small percentage of donors holding an increasing share of the influence over elections. Just 196 people (that's 0.000063 percent of the country's population) donated 80 percent of the total Super PAC money raised in 2012, according to Lessig.

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