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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