Can California Ever Build Again? - EP 34 Jan Sramek

This week, we bring you the story of California Forever in all its “never told before” glory.For the past eight years, Jan Sramek and a group of wealthy investors have been buying up land in Solano County with the hopes of creating a great new city in Northern California. All told, the California Forever group has spent $1 billion to acquire 68,000 acres (100 square miles) in an area about halfway between San Francisco and Sacramento. Their goal is to create a community of 400,000 people who can live and work together and to make it possible for California to manufacture more of the things that it invents in state.The Czech-born Sramek became consumed by the idea of founding a new city after experiencing California’s well-known problems – expensive real estate/lack of housing, long commutes in heavy traffic, loss of manufacturing jobs and skills, and over-regulation – firsthand. And, sort of insanely, he decided to try and do something about it. He set out to see if California still had the will and the way to make a shining new city.(TL;DR: In this episode, Sramek tells the full story (for the first time) of how California Forever was created and pushed forward, including the incredible lengths he had to go through to keep the project secret. We, of course, also get into much of Sramek’s reasoning for wanting to dedicate his life to this project and why he cares about trying to help California thrive.)Sramek managed to convince an all-star cast of investors to buy into his plan. California Forever is backed by the likes of Patrick and John Collison, Michael Moritz, Laurene Powell Jobs, Marc Andreessen, Daniel Gross and Nat Friedman. Together, these people bought up the Solano County land in relative secrecy over the course of about six years and have set to work putting in the regulatory structure needed to get building. Their current plan includes not just the city itself but also nearby manufacturing and shipbuilding hubs.The project has, naturally, run into controversy. People have grumbled about the billionaires being up to something shadowy. Others have complained about building on land historically used for ranching and about potential environmental concerns. At one point, local politicians even suggested that perhaps China was buying up the land so that it could spy on Travis Air Force Base. For a while, it appeared that the naysayers might win and stall California Forever indefinitely. But the combination of a second Donald Trump election and the widespread feeling that California is over-regulating itself into oblivion have injected new life and enthusiasm into the California Forever effort. Many people and politicians in Solano County are now looking to join up with the project and help make it happen.Not everyone will agree with me here. This is natural. But, for me, California Forever represents an existential moment for the wonderful state that I call home.Nowhere on Earth do people have it better than Californians. But we are on the verge of the greatest economic self-own in history if we can’t learn how to build and develop and do big things again. We must get out of our own way and create a system that allows for hope and optimism and the notion of creating a better future.Building a picturesque city where people can live close to their jobs and manufacture the products that they invent on underutilized land should not be controversial. It should just happen.If we can’t let something like California Forever flourish, we’re signaling that California has lost its way, its spirit and its ability, and this strikes me as profoundly sad.The Core Memory podcast is sponsored by Brex, the intelligent finance platform. Like thousands of ambitious, innovative companies, we run on Brex so we can spend smarter and move faster. And you can too. Learn more at www.brex.com/corememoryThe podcast is also made possible by E1 Ventures, which backs the most ambitious founders and start-ups. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.corememory.com/subscribe