Draper is a Silicon Valley venture capitalist known for investing in companies such as Skype, Tesla and Hotmail and has poured millions of dollars into efforts to break up California. Even if the measure does pass, it will require congressional approval to break up the existing state of California.
Tim Draper is known for having insane ideas - and for funding them.
California Secretary of State Alex Padilla said late Tuesday the initiative needed 365,880 valid petition signatures to qualify and random sampling projects a number of valid signatures greater than 110 percent of the requirement.
If a majority of California voters that cast ballots agree to divide the state into three, the plan would need approval from both houses of the California Legislation. And then Congress would have to approve it as well.
Virginia was the last state to split in 1863 to create Virginia and West Virginia. West Virginia was formed by seceding from a Confederate state over differences around slavery.
Draper's fascination with splitting California into separate states has been his only real foray into state politics, though he served briefly on the state Board of Education for one year in 1998.
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Where California now has two seats in the 100-person U.S. Senate, the three states would have six seats in a 104-member chamber. Supporters of the initiative argue the state isn't fairly represented with senators in Washington.
"Assuming this measure is approved by voters and the federal government and allowed by the courts", the state writes, "all tax collections and spending by the existing State of California would end".
As outlined in the initiative, the new state of California would consist of Los Angeles, Ventura, Santa Barbara, San Luis Obispo, Monterey and San Benito counties.
The only solution, he maintains, is smaller governments better equipped to respond to residents' specific needs depending on the region of California where they live.
Ted Draper is a very rich man, but it's unlikely that he could drag his initiative across the line in November, even if he broke his piggy bank.
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Will there soon be three Californias? Democrats could lose the united clout of California's current 55 electoral votes in presidential contests. Three smaller states would change that equation, which worries some Democrats.
His group, headed by former Assembly Speaker Fabian Nunez, has been hammering at the proposal for months, accusing Mr. Draper of dragging the state into an expensive mud-fight for a measure that has no prospects for success.
The "Cal 3" initiative would make California the Los Angeles area. "Northern California" would feature Sacramento, San Francisco and a chunk of the state extending to the OR border.
"Three states will get us better infrastructure, better education and lower taxes", he told the Los Angeles Times previous year.
Last year, an effort dubbed Calexit sought to bring the question of whether California should secede from the USA to this year's ballot.
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