[duped]

I mean that just plays into the talent pool - people who are willing and able to join or found a startup.

While I think what you're talking about is a big deal and the biggest mistake every state that wants a tech industry fails at (yet New York, Massachusetts, and DC/Virginia seem to do ok), a bigger one is the fundamental culture of Californian tech. Most other parts of this country, people are too scared to take the risk to leave the "good" job for a startup. It's a negative feedback loop that dampens any chance of growth. California is the one place where people feel safe enough to ditch a good job for a cool one, and it pays in spades for the state.