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Billionaire Venture Capitalist Tim Draper Abandons Plan To Split California

Silicon Valley billionaire venture capitalist Tim Draper who came up with a measure to split California in three said he is giving up  a measure to split California in three said he’s giving up on the effort to reimagine the nation’s most populous state after the state Supreme Court knocked it off the November ballot.

“The political environment for radical change is right now,” venture capitalist Tim Draper wrote in a letter to the court dated Aug. 2 and made public by his opponents Thursday. “The removal of Proposition 9 from the November ballot has effectively put an end to this movement.”

The court struck Draper’s measure in July in response to a lawsuit but didn’t rule on the merits of the case, allowing Draper the opportunity to fight to put it on future ballots. He’s not moving forward with the case.