
California Billionaires Fund Opposition to Proposed Wealth Tax
Tech owner Chris Larsen and venture capitalist John Doerr are contributing millions to fight a proposed 5% wealth tax on the rich in California.
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Tech owner Chris Larsen and venture capitalist John Doerr are contributing millions to fight a proposed 5% wealth tax on the rich in California.

Private investment firms, including those of John Doerr and other billionaires, are actively backing startups in geothermal energy, nylon recycling, and other clean energy and sustainability sectors, with dealmaking remaining steady in July.
Prominent venture capitalist John Doerr has described artificial intelligence as the most significant technological 'tide' in history, highlighting its transformative potential.