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According to the secretary of state's site, the measure needed 365,880 signatures and had gathered 419,462 valid signatures by Tuesday.

Draper's proposal is to split the state into Northern California, Southern California and just California, each with a population of around 13 million.

The Bay Area would be part of a new Northern California state with a border that starts north of Monterey, runs east and north to the Nevada state line, and includes everything north to the OR border.

The southern state would comprise Orange, Riverside, San Bernardino, San Diego, Imperial, Kern, Kings, Fresno, Tulare, Inyo, Madera, and Mono.

The new California would retain Los Angeles, Ventura, Santa Barbara, San Luis Obispo, Monterey and San Benito counties.

Billionaire Tim Draper, who's leading a push to break California into three states, is getting his shot to let voters decide on the issue. For a variety of reasons, that seemed to be way too many new states for most people. If it's approved by voters, the proposal would still require a congressional OK - and would very likely face legal challenges on both the state and federal levels, according to experts. The last time any American state succeeded at such a plan was in 1863, when West Virginia, which did not want to be part of the Confederacy, split from Virginia, which did. The proposal would give the people of California six senators. The initiative did not qualify for the ballot.

Voters won't have the final say on the measure, however. Dividing it into three smaller Californias, he claims, would lead to "better decision making", "a dramatically more effective education system", and "more reliable roads". Critics said some of the more rural regions would suffer from extraordinary rates of poverty as individual states, while coastal communities flourished in new, smaller states where the lion's share of California tax revenue is generated.

The "Cal 3" initiative would make California the Los Angeles area.

Breaking up the state would add four new members to the Senate.

A good-humored Draper rolled with the punches as Colbert ripped the new states of "Silicon Valley, the richest state per capita" and "Jefferson, famous for producing 60 percent of the country's marijuana".