'Billionaire Exodus? California Drew 10x More Venture Capital Than Any Other State This Year'

California drew more than $335 billion in venture capital funding this year, reports the Los Angeles Times, citing data released Thursday by PitchBook on private market funding: Its next biggest competitor, New York, raised less than a tenth of California's total. Texas raised 1/40th of the amount Although a campaign for a new tax on billionaires has convinced some ultra-rich residents to shift to other states and businesses often complain that high property and energy costs and an anti-busi...