I really like California, however I needed to depart. I grew up in Fremont, attended Stanford, and have spent most of my grownup life…
within the San Francisco Bay Space, founding know-how firms like Palantir and Addepar and investing in lots of others. In 2011 I based 8VC, a venture-capital agency that in the present day manages greater than $3.6 billion in dedicated capital. Few prime enterprise capitalists contemplate residing anyplace apart from California and a handful of worldwide monetary facilities, however I’m shifting myself and dozens of my 8VC colleagues to a brand new land of alternative: Texas.
The tough fact is that California has fallen into disrepair. Dangerous insurance policies discourage enterprise and innovation, stifle alternative and make life in main cities ugly and ugly.
Forty years in the past my mother and father got here to California since you might accomplish something within the Golden State. Authorities coverage facilitated the entrepreneurial spirit. Dreamers and doers might thrive. The burst of exercise in tech, finance, drugs, vitality and lots of different industries lasted for many years. However now a state like Texas gives these alternatives with out the issues and baggage California has collected. Let me point out a number of private examples: