Mark Cuban said only idiot founders would stay in California under a wealth tax. We asked 3 founders if theyd leave.

Image for article Mark Cuban said only idiot founders would stay in California under a wealth tax. We asked 3 founders if theyd leave.
News Source : Business Insider

News Summary

  • Mark Cuban said startup founders would leave under a proposed wealth tax.
  • Business Insider put Cuban's theory to the test.
  • We asked three startup founders: If the tax passed, would you leave?
  • The results were mixed: The founders ready to run said the billionaires will flee California if it passes.
  • The founders intent on staying said the Bay Area remains central to the AI boom and engineering talent, while other states are actively competing for startup talent.
  • The state — and Miami specifically — has grown increasingly popular with a class of tech leaders.
Mark Cuban told Business Insider there were a lot of incentives to leave California. We asked some founders if theyd stay under a wealth tax.

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