Gil alleges California ‘billionaire tax’ backers want founders to leave

Discussing a California proposal described on the show as a “billionaire tax”, Elad Gil predicts it would accelerate departures of founders and investors from the state, citing uncertainty about execution and compliance and talk of a future ‘exit tax’. He goes further, alleging the bill’s authors actively want an exodus, while Guo asks whether it could force founders of highly valued private companies into asset sales.