This Cryptocurrency Billionaire Is Trying to Split California Into Three States

Tim Draper faces an uphill battle in trying to break up state
The last time this happened was during the Civil War

VENICE BEACH, CA - JANUARY 30: Surfers leave the water just off the coast on January 30, 2017 in Venice Beach, California. (Photo by Bruce Bennett/Getty Images)Photographer: Bruce Bennett/Getty Images North America

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By Polina Noskova and Cara Moffat

May 10, 2018 at 11:00 AM UTC

This article is for subscribers only.

Tim Draper, the billionaire venture capitalist and legend in the world of cryptocurrency, has an idea: Let’s split California into three separate states.

There are at least five reasons why this idea is doomed from the start, but first, here’s his case: