Mark Cuban warns Ro Khanna: Only ‘idiot’ startup founders will stay in California

Mark Cuban recently cautioned Ro Khanna regarding California's controversial billionaire tax proposal. He highlighted that the initiative could significantly impact startup founders who are rich in stock yet lack liquid assets. Cuban contended that this approach is misguided and risks stifling innovation in the state, suggesting only imprudent founders would choose to remain in California post-enactment. Consequently, he plans to shift his investment focus to other states.

By TOI TECH DESK