Venture capitalist proposes California 2.0, a plan for six new states

December 24, 2013

A prominent venture capitalist proposed on Monday a plan to split California into six new states, including one called “Silicon Valley” that would stretch from San Francisco to San Jose and include the entire region where many of the biggest tech companies have their headquarters.The plan by Tim Draper, who was an early backer of Skype, Baidu and Hotmail, faces multiple hurdles and would require significant support from among the state’s 38 million [m] residents, and from the rest of the country if it makes it any further. He hopes to put the idea plan on the November 2014 ballot, which would require about half a million signatures. On the face of it, the chances of it being realized are low.But Draper said splitting California would bring real benefits.”Something’s not working in our state, and I’m convinced that it is with the existing system, the existing breadth of industry and varying interests. California is untenable and un-governable,” Draper told a sparsely attended news conference at the Silicon Valley school for entrepreneurship that he created and that bears his name. There were about 20 people in the room, although only six appeared to be reporters.To read this article in full or to leave a comment, please click here

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