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CEOWORLD magazine - Latest - Money and Wealth - Silicon Valley billionaires behind California Forever – utopian techie metropolis

Money and Wealth

Silicon Valley billionaires behind California Forever – utopian techie metropolis

California Forever
California Forever is the parent company of Flannery Associates. (Image: California Forever)

It was a few years back that a group of unknown financiers purchased a 200 square kilometer land situated between Napa Valley, Sacramento and San Francisco for a colossal $800 million. The purpose of the purchase was to construct an independent, pedestrian-friendly metropolis where inhabitants could both live and work. Details about California Forever can be accessed on the official website.

Lately, the ambitions of a group of Silicon Valley billionaires have been highly publicized. They plan to construct a new utopia in Solano County, which is located on the outskirts of the Bay Area, and named it “California Forever”. Designs by Flannery Associates and its parent company, which was also christened “California Forever”, included drawings of kids riding their bikes down a street surrounded by trees, kayakers paddling across a tranquil river, and people fishing in a stunning body of water while luxurious houses are lined up in the background of a picturesque landscape.

Jan Sramek, the founder of California Forever, is leading the project. It has the backing of some of Silicon Valley’s most famous investors, including Reid Hoffman (LinkedIn), Marc Andreessen (Netscape, Andreessen Horowitz), Patrick and John Collison (Stripe), Chris Dixon (eBay, Hunch), and Laurene Powell Jobs, the widow of Steve Jobs, the late founder and CEO of Apple. The amount contributed by each investor to Flannery is unknown.

The deep-pocketed investors reportedly plan to turn the land into their vision of an ideal city, featuring cutting-edge sustainable energy and a pedestrian-friendly layout.


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CEOWORLD magazine - Latest - Money and Wealth - Silicon Valley billionaires behind California Forever – utopian techie metropolis
Alexandra Dimitropoulou

Alexandra Dimitropoulou

VP and News Editor
Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. In addition to running the company’s website, CEOWORLD magazine, which aims to help CEOs, CFOs, CIOs, and other C-level executives get smarter about how they earn, save and spend their money, she also sits on the Board of Directors of the Global Business Policy Institute. She can be reached on email alexandra-dimitropoulou@ceoworld.biz. You can follow her on Twitter at @ceoworld.