The measure aims to create states with relatively equal populations and economic strengths.
Last October, the state's nonpartisan Legislative Analysts Office (LAO) released a review of Draper's plan.
The California state flag are seen before the Monster Energy NASCAR Cup Series Auto Club 400 at Auto Club Speedway on March 18, 2018 in Fontana, California. It's been well over a half-century since a new state has been admitted to the Union, and over a century-and-a-half since an existing state was divided when West Virginia was created - and that required a civil war as a lubricant.
"If some people feel that their government isn't working for them - and I know a lot of people in very poor regions feel that the status quo is not working for them - this would be an opportunity for them to easily move to another state without leaving the handsome weather we get here", he said.
Lawmakers would only have 12 months after congressional approval to set the new rules; otherwise the state's debts would automatically split between the three new ones.
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There also is a sizable debate about whether such a sweeping change can be created through a ballot initiative - that is, whether it rises to the level of a "revision" of the California Constitution, which can only be instigated by the Legislature or by a formal constitutional convention. As he did when he pushed a failed initiative to break the state into six states, Draper says California as it now exists is simply too large to be governed effectively.
Under the proposal, the central state of California would consist of the counties of Los Angeles, Ventura, Santa Barbara, San Luis Obispo, Monterey and San Benito. Draper gave $220,000 to an independent expenditure committee, "Citizens for Cal 3", to support the initiative in April. Congress never took action on the proposal, according to the LAO.
"What is of greater importance to a state than its geographic boundaries?" "If I were a Republican, I might say, 'Well, this could be our turf'". Northern and Southern California would become two new states.
He has described California as a state with crumbling bridges and roads, a struggling, underfunded education system and oppressively high taxes.
The LAO found a similar pattern across other tax bases in the proposed states. He first embarked on an unsuccessful quest to divide California into six smaller states in 2014 and hasn't given up on the idea. Draper, a 60-year-old California native and bitcoin investor, comes from a family of wealthy investors and founded the venture capital firm Draper Fisher Jurvetson.