{"id":25379,"date":"2026-05-02T14:05:12","date_gmt":"2026-05-02T14:05:12","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/25379\/"},"modified":"2026-05-02T14:05:12","modified_gmt":"2026-05-02T14:05:12","slug":"seattle-ai-startup-founder-says-hes-leaving-over-new-millionaires-tax","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/25379\/","title":{"rendered":"Seattle AI startup founder says he&#8217;s leaving over new millionaires tax"},"content":{"rendered":"\n<p>NEWYou can now listen to Fox News articles!\n  <\/p>\n<p class=\"speakable\">A <a href=\"https:\/\/www.foxnews.com\/category\/us\/seattle\" target=\"_blank\" rel=\"noopener nofollow\">Seattle<\/a> AI startup founder says he\u2019s preparing to leave the city as taxes rise, warning that many entrepreneurs are already heading for the exits.<\/p>\n<p class=\"speakable\">&#8220;We&#8217;re out looking for an alternative,&#8221; Jesse Proudman, president and CTO of <a href=\"http:\/\/Venice.ai\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Venice.ai<\/a>, a privacy-focused unrestricted <a href=\"https:\/\/www.foxnews.com\/category\/tech\/artificial-intelligence\" target=\"_blank\" rel=\"noopener nofollow\">generative AI<\/a> platform, told Fox News Digital in an interview Friday.\u00a0<\/p>\n<p>&#8220;So we were looking in <a href=\"https:\/\/www.foxnews.com\/category\/us\/us-regions\/west\/nevada\" target=\"_blank\" rel=\"noopener nofollow\">Nevada<\/a>, we&#8217;re looking in Texas and Austin, we&#8217;re looking at Nashville and Florida,&#8221; Proudman said. &#8220;And these are climates where the business community is vibrant. They&#8217;re climates where the government is encouraging <a href=\"https:\/\/www.foxnews.com\/category\/us\/economy\/entrepreneurship\" target=\"_blank\" rel=\"noopener nofollow\">entrepreneurship<\/a>, where they&#8217;re welcoming people, and they&#8217;re not villainizing those who have built something.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/mamdani-estate-tax-push-raises-fears-new-burden-middle-class-families\" target=\"_blank\" rel=\"noopener nofollow\">MAMDANI&#8217;S ESTATE TAX PLAN COULD DRIVE WEALTH OUT OF STATE, CRITICS WARN<\/a><\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/05\/Jesse-Proudman-entrepreneur-of-year-award-2018.jpeg\" alt=\"Jesse-Proudman-entrepreneur-of-year-award-2018\" width=\"1200\" height=\"675\"\/> <\/p>\n<p>Jesse Proudman receiving the Entrepreneur of the Year award in 2018. (Jesse Proudman)<\/p>\n<p>Proudman said he has been in <a href=\"https:\/\/www.foxnews.com\/category\/us\/us-regions\/west\/washington\" target=\"_blank\" rel=\"noopener nofollow\">Washington state<\/a> for 28 years, and that\u00a0Venice.ai is his third startup. He started his first company when he was 13.\u00a0<\/p>\n<p>&#8220;Seattle used to be a place where you were excited to build something, where it was celebrated, where you could imagine creating something from nothing and that you could manifest that,&#8221; Proudman said.\u00a0<\/p>\n<p>&#8220;And for many years, for probably 20 years, that was the culture here,&#8221; he added. &#8220;We had a vibrant startup community. We had a very supportive startup community. And the ecosystem worked. It helped build the companies. And then, for whatever reason, sort of over the last four or five years, we&#8217;ve seen this shift where entrepreneurship is now villainized. And it&#8217;s an unfortunate and sad shift in what otherwise has been a phenomenal place to run businesses.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/media\/washington-post-argues-theres-little-gain-raising-taxes-rich-rates-already-high-enough\" target=\"_blank\" rel=\"noopener nofollow\">WASHINGTON POST ARGUES THERE&#8217;S &#8216;LITTLE TO GAIN BY RAISING TAXES ON THE RICH,&#8217; RATES ALREADY HIGH ENOUGH<\/a><\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/05\/Jesse-Proudman-Seattle.jpeg\" alt=\"Jesse-Proudman-Seattle\" width=\"1200\" height=\"675\"\/> <\/p>\n<p>Jesse Proudman, founder and CTO of Venice.AI, says recent tax policy developments in the Evergreen State are making businesses flee the state. (Jesse Proudman, Getty Images)<\/p>\n<p>In March, Washington state Democrats <a href=\"https:\/\/www.fox13seattle.com\/news\/wa-senate-passes-millionaires-tax\" target=\"_blank\" rel=\"noopener nofollow\">passed the &#8220;millionaires tax,&#8221;<\/a> which Democratic Gov. Bob Ferguson signed on March 30. It&#8217;s the state&#8217;s first-ever income tax, pushed by progressives and socialists and opposed by conservatives.<\/p>\n<p>The <a href=\"https:\/\/www.wsj.com\/opinion\/washington-state-income-tax-democrats-constitution-manka-dhingra-bob-ferguson-b95f7428?mod=e2two\" target=\"_blank\" rel=\"noopener nofollow\">Wall Street Journal editorial board<\/a> called the new tax a &#8220;con&#8221; after its passage that will &#8220;inevitably capture the middle class.&#8221;<\/p>\n<p>Proudman told Fox News Digital that he has similar concerns.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/opinion\/stephen-moore-from-dow-800-5000-reagan-trump-supply-side-miracle\" target=\"_blank\" rel=\"noopener nofollow\">STEPHEN MOORE: FROM DOW 800 TO 50,000&#8211;REAGAN, TRUMP AND THE SUPPLY-SIDE MIRACLE<\/a><\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/05\/GettyImages-1385477189.jpg\" alt=\"Andrea Suarez dismantling a tent at a homeless encampment with garbage piled around in Seattle\" width=\"1200\" height=\"675\"\/> <\/p>\n<p>Andrea Suarez dismantles a tent at a homeless encampment with garbage piled around in Seattle, Washington, on March 13, 2022. Suarez is the executive director of We Heart Seattle, a nonprofit that organizes trash cleanups across the city amid rising homelessness during the COVID-19 pandemic. (John Moore\/Getty Images)<\/p>\n<p>&#8220;They&#8217;re beginning with millionaires because that&#8217;s an easier place to sell it. It&#8217;s obvious that they intend to <a href=\"https:\/\/www.foxnews.com\/media\/washington-business-owners-fear-socialist-millionaires-tax-driving-businesses-out-theyre-next\" target=\"_blank\" rel=\"noopener nofollow\">apply this to everybody<\/a>,&#8221; he said.\u00a0<\/p>\n<p>Proudman said that his concern is that Washington state Sen. Jamie Pedersen, who <a href=\"https:\/\/www.foxnews.com\/media\/trucking-company-owner-suing-state-millionaires-tax-says-policy-hits-small-businesses\" target=\"_blank\" rel=\"noopener nofollow\">sponsored the millionaires tax,<\/a> intends to extend the tax beyond millionaires.\u00a0<\/p>\n<p>&#8220;He said he intends to apply it to everybody and, quite frankly, its implication is that Washington will become the <a href=\"https:\/\/www.foxnews.com\/opinion\/blue-states-changing-tax-rules-wealthy-its-going-cost-all-us\" target=\"_blank\" rel=\"noopener nofollow\">highest tax state<\/a> in the country,&#8221; Proudman said of Pedersen. &#8220;It doesn&#8217;t make sense to continue to live here if you have mobility.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/opinion\/steve-moore-did-elon-musk-drain-swamp-drown-it\" target=\"_blank\" rel=\"noopener nofollow\">STEVE MOORE: DID ELON MUSK DRAIN THE SWAMP OR DROWN IN IT?\u00a0\u00a0<\/a><\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/05\/katie-wilson-2.jpg\" alt=\"Seattle mayor Katie Wilson smiling in a portrait photograph\" width=\"1200\" height=\"675\"\/> <\/p>\n<p>Seattle Mayor Katie Wilson recently laughed and metaphorically waved goodbye to millionaires who want to leave Washington state on April 14, 2026, during a Seattle University Conversations event. (Katie Wilson for Seattle)<\/p>\n<p>During a recent event at Seattle University, <a href=\"https:\/\/www.foxnews.com\/media\/seattle-mayor-laughs-millionaires-leaving-washington-state-progressive-taxes-waves-bye\" target=\"_blank\" rel=\"noopener nofollow\">Mayor Katie Wilson<\/a>, a self-described democratic socialist, laughed and appeared to dismiss the possibility that millionaires would leave the state.\u00a0<\/p>\n<p>&#8220;I think the claims that millionaires are going to leave our state are, like, super overblown. And if \u2014 the <a href=\"https:\/\/www.foxnews.com\/politics\/socialist-mayors-blunt-1-word-message-fleeing-millionaires-sparks-outrage-doomed\" target=\"_blank\" rel=\"noopener nofollow\">ones that leave, like, bye<\/a>,&#8221; Wilson said.<\/p>\n<p>Proudman sees a more stark situation.<\/p>\n<p>&#8220;The reality is everybody that I know that has means to leave has either left or is in the process of leaving,&#8221; he said.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/tax-fight-puts-california-collision-course-billionaires-leave-red-states\" target=\"_blank\" rel=\"noopener nofollow\">TAX FIGHT PUTS CALIFORNIA ON COLLISION COURSE AS BILLIONAIRES LEAVE FOR RED STATES<\/a><\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/05\/GettyImages-1385481638-e1686848408170.jpg\" alt=\"City worker picking up trash next to graffiti on 4th Avenue in Seattle\" width=\"1200\" height=\"675\"\/> <\/p>\n<p>A city worker picks up trash next to graffiti on 4th Avenue in Seattle, Washington, on March 9, 2022. (John Moore\/Getty Images)<\/p>\n<p>&#8220;They&#8217;ve listed their homes, they&#8217;re shopping elsewhere,&#8221; Proudman continued. &#8220;And again, it&#8217;s like, you don&#8217;t want to be where you&#8217;re not part of the community, where it doesn&#8217;t feel like you&#8217;re welcome. And so the mayor, whose job it is, is to build a vibrant city, is telling the people who have built companies here, who have created jobs in this city and this state that they&#8217;re not wanted here.&#8221;<\/p>\n<p>&#8220;It&#8217;s the same thing that happened in California with <a href=\"https:\/\/www.foxnews.com\/category\/person\/elon-musk\" target=\"_blank\" rel=\"noopener nofollow\">Elon Musk<\/a>,&#8221; he added. &#8220;Again, he went to Texas. Like, you&#8217;re not wanted, you&#8217;ll move to a climate where you are.&#8221;\u00a0<\/p>\n<p><a href=\"https:\/\/taxfoundation.org\/data\/all\/state\/sales-tax-rates-by-city-2024\/#:~:text=Highest%20and%20Lowest%20Sales%20Taxes,them%29%20were%20the%20nation%27s%20highest\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">According to the Tax Foundation<\/a>, the city of Seattle has the highest combined state and local sales tax rate, at 10.35%.<\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/05\/GettyImages-1385482217_1280x.jpg\" alt=\"A homeless man holding a piece of aluminum foil used to smoke fentanyl in Seattle\" width=\"1200\" height=\"675\"\/> <\/p>\n<p>A homeless man holds a piece of aluminum foil he used to smoke fentanyl in Seattle, Washington, on March 13, 2022. <\/p>\n<p><a href=\"https:\/\/foxnews.onelink.me\/xLDS?pid=AppArticleLink&amp;af_dp=foxnewsaf%3A%2F%2F&amp;af_web_dp=https%3A%2F%2Fwww.foxnews.com%2Fapps-products\" target=\"_blank\" rel=\"noopener nofollow\">CLICK HERE TO DOWNLOAD THE FOX NEWS APP\u00a0<\/a><\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/category\/media\" target=\"_blank\" rel=\"noopener nofollow\">Fox News Digital<\/a> reached out to Wilson and Pedersen for comment but did not immediately receive responses.<\/p>\n<p>Fox News Digital&#8217;s Alba Cuebas-Fantauzzi contributed to this report.<\/p>\n<p>Rachel del Guidice is a reporter for Fox News Digital. Story tips can be sent to rachel.delguidice@fox.com.<\/p>\n","protected":false},"excerpt":{"rendered":"NEWYou can now listen to Fox News articles! A Seattle AI startup founder says he\u2019s preparing to leave&hellip;\n","protected":false},"author":2,"featured_media":25380,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,25,6519,6095,2220,384,2187],"class_list":{"0":"post-25379","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ai","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-culture-trends","11":"tag-fox-news-media","12":"tag-seattle","13":"tag-taxes","14":"tag-washington"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/25379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=25379"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/25379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/25380"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=25379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=25379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=25379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}