Unfortunately for Silicon Valley's slobbering pursuit of autonomy, California will remain one state. Venture capitalist Tim Draper's plan to break the state into six parts failed to make the 2016 ballot after his "Six Californias" campaign to submitted a insufficient number of signatures to the Secretary of State.
When we first read over superstar tech capitalist Tim Draper's "Six Californias" plan to make Silicon Valley its own state, we were a little skeptical. Was dividing California into six new states a sound idea? Maybe—let's wait and see. A new government study shows there might be some snags, like forming an arbitrary zone of extreme American poverty.
Old guard investor Tim Draper made a name for himself with mammoth VC returns on mainstream companies like Hotmail and Skype, then surprised many by retreating from his own firm firm. Now we know why: he's pushing to divide California into six new states, with Silicon Valley as the new separatist jewel of the union.
Reuters reports that Silicon Valley venture capitalists "have some 2007-style swagger back in their step." The good tidings come courtesy of the latest Silicon Valley Venture Capital Confidence Index, which indicates that "confidence levels have returned to pre-recession levels among investors in the San Francisco community.
Tim Draper, by any cursory Wikipedia skim, is a successful man. He's reaped enough through his venture capital endeavors to create his own zany vanity "school," where wannabe Zuckerbergs and Brit Morins pay ten grand apiece to learn startup brilliance. It sounds even crazier when you hear him speak: