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Gavin Newsom: “Two-thirds of venture capital investment, $106 billion, is…”

Featuring: Gavin Newsom, Democratic | Governor of California

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LIVE: California Gov. Gavin Newsom proposes revised budget | KTVU

Published | Video Starts at 03:40

You see here that validation in the headline from Fortune magazine taking over that spot. New York and Texas two thirds left. And this is significant of the investment in venture capital which last … Two-thirds of venture capital investment, $106 billion, is invested back into California-based companies. … billion Record amount of investment in venture capital. That money is not flowing out of the state because the talent and the innovation and entrepreneurial spirit resides within the state. (03:40–03:46)

CLAIM

Asserts that a significant portion of venture capital is reinvested in California.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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