SAN FRANCISCO -- California voters may soon be asked to decide whether their state is too big and should broken into three, separate states. Venture capitalist Tim Draper, who pushed for a six-state proposal, now has a three-state proposal called "CAL3," according to CBS San Francisco.

Draper did not have enough signatures to get his six-state measure on the California ballot in 2016. For this new proposal, he needs 366,000 signatures. On Thursday, he announced that he has more than 600,000 signatures.

"I'm proud to announce we've collected more than enough signatures to qualify for the 2018 ballot," Draper said.

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If the proposal passes, the Bay Area, along with counties north of Merced, would be considered as Northern California. Along the coast, from Monterey to Los Angeles, would be California and the counties to the east would be Southern California.

The population of each new state would range from 13.9 million people in Southern California, 13.3 million in Northern California and 12.3 million in California. The three new states would still be among the top ten most populous in the country.

"This would make sure everyone has a government that is responsive and responsible," Draper said.

But the devil is in the details, and there are a lot of details.

Joe Rodota is the founder of Forward Observer. He's a longtime California political consultant who says this is all a "waste of time."

"There area a lot of good ideas that come out of Silicon Valley and this isn't one of them," Rodota said.

Take the University of California (UC) system, for example. There are 10 UC campuses in California, which are built and paid for by taxpayers throughout the state.

"How are you going to tell a family that lives in Los Angeles they have to pay out of state tuition to go to Berkeley," Rodota asked.

There's also water rights, state pensions, prisons and education funding. Figuring all this out takes time and money, and so would setting up three new governments.

Rodota says that even if this makes it to the ballot, he doesn't think voters will go for it.

"Voters have been skeptical in California," he said.

And even if it passes, it all has to be approved by Congress, who might not be eager to dilute their own power by creating four new U.S. senators for the West Coast.

Still, Draper says it's California's nature to push the envelope.

"California dreams big," he said.