Exodus: The Largest Wealth Flight in California History

Quorum at the Leopards Eating Faces Party. We’re a little over a month into an industry-wide conversation about the future of tech in California, which is largely taking place off social media. At this point, most people know the conversation was triggered by a ballot proposition floated by the state’s largest healthcare union which seeks to legalize a first-of-its-kind asset seizure targeting (for now) billionaires. But while there’s been a bit of tabloid reporting on the existence of private group chats, where the question of whether it’s safe for founders to remain in the state is once again being litigated by industry leaders, it seems mainstream reporters have thus far failed to speak with any actual billionaires impacted by the chaos. So, in my capacity as the most well-sourced journalist in the history of technology writing (I think actually?), I decided to fill that gap.