Gavin Newsom: “Venture capital over $106 billion this year, 68% of that…”

“The largest market cap private company in world history. He decided just a few weeks ago where to headquarter in the state of California. More scientists, engineers, more Nobel laureates. Venture capital over $106 billion this year, 68% of that invested back into the state of California. Finest system of higher education in the world. A conveyor belt for talent like no other. I mentioned the R and D investments. The future happens in my state first where America's coming attraction.” (31:16–31:22)

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.