Multiple tech investors have announced in recent days they will move from the Bay Area to Miami.
David Blumberg a venture capitalist who founded and manages Blumberg Capital, has announced his move from the San Francisco area to Miami, according to the San Francisco Business Times.
Blumberg said the move was driven by poor governance in California.
Here is how Blumberg explained the move in a Facebook post:
“Big news, bittersweet news, but for the best. As of last night, we have moved out of California, and are now happier residents of southern Florida. Poor governance at the local level in San Francisco and statewide in California has driven us away.
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