How Silicon Valley billionaires raised $333M+ to try to defeat a 5% California wealth tax; Patrick Collison's $33M is his most serious campaign engagement yet
THE SO WHAT
A $333 million war chest against a 5% wealth tax shows how seriously founders and investors treat state-level policy risk. If your company’s center of gravity is in California, you should be scenario-planning around tax-driven talent migration and cap table decisions, not assuming the status quo holds.
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