California the Worst State in Which to Start a Business

All you startup founders down in Austin for spring break SXSW, you should stay there. Texas, according to CEOs surveyed by Chief Executive magazine, is the most business-friendly state in the nation. In comparison, California is the worst. Unless of course, you’re in technology and/or looking to raise venture capital — when it comes to those two categories, the Golden State tops the charts. But in terms of “cost of business” and “business friendliness,” the magazine ranks it No. 48.

Granted, you might not want to take the magazine’s findings too seriously; there’s no information about what, exactly “business friendliness” or any other non-quantitative ranking criteria means. They’ve also left Washington, D.C., off their list this year (unlike previous years) — but still left a nice little hole for it at No. 42.

Still, startup founders, stay in Texas. We like that there’s no traffic on the 101 and you can actually sit in the coffee shop to enjoy your coffee this week!