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Gavin Newsom: “Half of the unicorn companies in the country are in…”

Featuring: Gavin Newsom, Democratic | Governor of California

In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance

Published March 26, 2025 | Video Starts at 46:27

Texas, by the way, takes $71.1 billion of federal money from taxpayers. We give $83.1 billion. We have more scientists, engineers, more Nobel laureates, more venture capital. Half of the unicorn companies in the country are in California. There's a lot going right. They just get a survey of the top 10 happiest cities. With respect, Houston went on that list. But San Jose was very happy. (46:27–46:31)

CLAIM

Asserts that 50% of U.S. unicorn companies are based in California.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Gavin Newsom

“There's some, you know, we had population growth the last two years, by the way, in December, they updated all the census numbers. It grew…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 34:18-34:27
“We had the i10 which we got done in eight days.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 40:30-40:33
“18% of the world's R and D is in this state.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 45:57-46:01
“Only two countries have more R and D and that's Germany and China.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 46:02-46:07
“This is a state with 41% more manufacturing output than the state that tends to get a lot of credit in Texas.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 46:07-46:16
“Texas, by the way, takes $71.1 billion of federal money from taxpayers. We give $83.1 billion.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 46:15-46:24
“16 states tax their poorest residents more than we tax our top 1%.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 47:13-47:20
“If you can build a sports stadium with these new rules and fast track a judicial process... it should work for homelessness, it should work…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 05:27-05:44
“I announced that day an effort to sue up to 47 cities.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 05:43-05:49
“We started with one, Huntington Beach, California.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 05:48-05:52
“In the state of California. We're simply not building enough housing.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 06:05-08:22
“Here is the legally binding goal, 2.5 million units by 2030.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 09:21-09:27
“We've taken 800 actions, that's why we've unlocked 7,500 units and that's why we have advanced 42 CEQA reforms.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 10:01-10:11
“I don't think there's been a more YIMBY governor in California's history.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 11:15-11:18
“We are, as a state, finally intervening in ways the state has never intervened in the past.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 14:02-14:08
“775,000 manufacturing jobs, just the job growth generally.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 17:02-17:07
“The fact that Chips and Science act is producing real results as it relates to private sector investment.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 17:14-17:20
“We finally have an industrial policy that is worker centric.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 17:20-17:24
“I have been as critical or more than you have about [high speed rail].”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 17:49-17:54
“The original vision [for high-speed rail] was not Obama. It wasn't even necessarily Jerry Brown.”
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“Arnold Schwarzenegger, Republican, puts a bond on the ballot in 2008 and the voters approve it.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 21:35-21:42
“There was a lot of promotion of promise, $33.6 billion, two hours and 20 minutes downtown by 2020.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 21:42-21:50
“There's scarcity of resources, there's an abundance of delay, there's an abundance of cost overruns.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 22:00-22:07
“The Central Valley...was stipulated as a requirement under the Obama grant, the $3 billion.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 22:24-22:31
“The entire environmental clearance is now 100% done. L A to San Francisco.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 22:51-22:57
“We're just announced, we're doing railhead, we're finally laying the tracks.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 23:05-23:10
“Governor Ronald Reagan established the California Air Resources Board.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 25:18-25:23
“Richard Nixon affording California a waiver so that we can address the unique air quality concerns.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 25:29-25:37
“I have a 270 day judicial review process that we pushed, we worked it for its first use case was the first above ground storage facility in…”
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“The second quite literally a week ago for 300 megawatt solar, large scale solar facility which we are testing it, hardly perfect, but that…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 31:58-32:18
“We did full electrification of Caltran. $714 million, 51 miles. We got all the environmental work done.”
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“We're finally getting that first 119 miles done. We'll get to 171.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 35:03-35:08
“It's a $6.5 billion gap. We have a strategy to address that.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 35:07-35:12
“A lot of innovation happened during COVID, including on land use.”
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“We did something called home key, room key. We changed land use and CEQA.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 40:17-40:22
“We brought in Jen Polka from Code for America to bring in a private sector version.”
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“We inherited these old Cobalt systems that you highlight from 1959 and these IBM mainframes from the 1980s.”
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“This is a state where we're gaining population again.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 45:41-45:45
“We're running budget surpluses.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 45:44-45:47
“The numbers [of homelessness] through the roof across the rest of the country stabilized. Here in California, the housing crisis not unique…”
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“40% of our residents pay lower taxes than in Florida and Texas.”
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“80% of our residents pay slightly above average taxes.”
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“This notion that everyone's leaving is complete bs.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 47:31-47:34
“We're going to get the damn thing [high-speed rail] done.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 48:00-48:00
“The affordability issue is the core of 90% of California's real and structural problems.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 50:56-51:04
“We've 13.4 billion dollars of which 10.8 from the state and 2.6 from the [federal government].”
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“There's currently our estimates and this plus or minus. And yeah, this is a moving target, about $6.5 billion that we, based upon what we…”
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“The idea is to get it in these density and population corridors, which is the point you make in the critique, and get to Fresno, for…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 52:53-53:08
“You have the existing infrastructure in place. That's about an hour. You get into Palmdale. Now you're connecting with the new Bright Line…”
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“I just wrote I inherited this [high-speed rail project].”
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“We're looking at train sets that have interoperability not just with Brightline, but a high desert corridor. So you have two private sector…”
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“There's not a high speed railing system that's not enjoying some popularity and success. Most at least are wildly popular.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 55:10-55:17
“It was a requirement, federal requirement for federal dollars [to start the high-speed rail in the Central Valley].”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 56:06-56:10
“We're finally starting to see the fruits of that vision [of participatory governance models].”
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“Engaged California, our new procurement platforms, the work that Jen Polka helped seed in the reforms we're doing as it relates to large…”
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“If I have another press conference about how much money we're spending on homelessness, they're going to take my head off.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 1:04:43-1:04:48
“They want more housing so that the cost of that housing goes down because there's more supply.”
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“Tesla would not exist had it not been for the regulatory environment of California.”
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“One of the great federal subsidies.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 1:08:24-1:08:27
“Principle that you lay out as it relates to DARPA and which gave us gps, gave us the self driving car he's now promoting that gave us so…”
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“Only state that does that regardless of ability to pay and pre existing conditions and immigration.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 1:09:12-1:09:18
“California went from the seventh largest economy to the sixth largest economy in the world.”
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