Andrew Yang, Deval Patrick and Michael Bennet have all suspended their campaigns for president.

"While there is great work left to be done, you know I am the math guy, and it is clear tonight from the numbers that we are not going to win this race," Yang said on Tuesday while in New Hampshire, reports CNN. "I am not someone who wants to accept donations and support in a race that we will not win. And so, tonight I am announcing I am suspending my campaign for president."

“Being your candidate has been the privilege of my life.” pic.twitter.com/deoL2Kx6Pp

— Evelyn Yang (@EvelynYang) February 12, 2020

The announcement comes after a disappointing finish in Iowa for the 45-year-old. Despite investing millions and spending two weeks on a bus tour around the state, Yang finished with just 1% of the delegate vote, according to Politico. After the defeat, he had to lay off staff in an attempt to cut down on campaign costs.

"I was just reflecting on how far the campaign has come," Yang said in Iowa, a day after the votes. "The people have been very good to me and my family."

Yang’s campaign raised $2.8 million in the second quarter of 2019, $10 million in the third quarter and $16.5 million in the fourth quarter, much of which was spent on Iowa.

Following his upset in Iowa, the entrepreneur was hopeful about New Hampshire.

"With a crystal ball, we might not have invested as much energy in Iowa, because I think that that lack of clarity afterwards hurt every candidate," Yang told CNN the day before the New Hampshire primary. "But we're excited about being here in New Hampshire."

The Schenectady, New York, native said he had planned to stay in the race until the end, and despite suspending it, he is proud his campaign "outlasted over a dozen senators, governors and members of Congress to become the most exciting force in this entire race."

"The Yang Gang has fundamentally shifted the direction of this country and transformed our politics, and we are only continuing to grow," he said.

pic.twitter.com/i9lujErI4i

— Andrew Yang???? (@AndrewYang) February 12, 2020

Yang assured his supporters they haven’t seen the last of Yang Gang, as he’s open to other political races.

“Obviously, right now we’re still taking some time to reflect, but I’m a young man,” Yang said on MSNBC’s Morning Joe. “You know, we’re just getting started. The problems that animated this campaign are just going to grow and get more serious, and we’re going to keep working to solve them.”

Democratic operatives also foresee a promising future for Yang in politics.

Former New York City deputy mayor and senior adviser to Mike Bloomberg’s campaign, Howard Wolfson, said Yang “would make a very interesting candidate” for mayor, reports Politico.

The former corporate lawyer has also gone on record saying he is still open to being on the ticket.

“I would certainly be honored to serve as someone’s running mate,” Yang said. “If I can solve these problems as someone’s vice president, a member of an administration, we just need to start solving these problems for the next generation, and I’m happy to do my part. I’m also happy to do my part to campaign for the nominee and beat Donald Trump in the fall.”

He has not yet endorsed a candidate but says he will support whoever the Democratic nominee is.

Additionally, Former Massachusetts Governor Deval Patrick, the first Black governor in the state, and Sen. Michael Bennet are ending their campaigns, ABC News reported.

In an episode of Blavity Politics' The Sit Down, Patrick explained he ran for president because he wanted to encourage others to do something rather than spouting rhetoric or plans.

He boasted that he succeeded the previous governor, Mitt Romney, during the recession of 2008. Under his tenure as governor, Patrick said he made Massachusetts the best state nationwide in student achievement, healthcare coverage, energy efficiency, entrepreneurial opportunities and veteran services. Additionally, the state is experiencing a 25-year high in employment growth.

Bennet, who like Patrick is a businessman, announced his candidacy less than a month after revealing he was diagnosed with prostate cancer. He entered the race because he wanted to be a moderate Democrat who can be levelheaded, NBC reported.

The news of both Yang and Patrick dropping out of the race means there are no men of color running for president. The remaining person of color, if one were to be technical, would be Tulsi Gabbard, who is half Samoan.

Michael-Bennet

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