Sara Tirschwell, a Wall Street veteran who had been running as a Republican candidate for mayor of New York, dropped out of the race Wednesday after her campaign failed to gather enough voter signatures to qualify.

“The way things work in NYC is broken—systems that favor insiders and those with money versus those who are desperate for the chance to change their fate,” she said in a statement on her campaign website. “I ran to change that paradigm—to fundamentally alter the ‘death by 1,000 cuts’ manner in which our city treats its residents and businesses.”

Tirschwell didn’t immediately respond to a request for further comment.

Tirschwell drops out of a race in which a large number of Democrats are running but there’s a more limited slate of Republicans. Registered Democrats outnumber Republicans in the city, seven to one.

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