The Silicon Valley Exodus Continues
techcrunch.com
techcrunch.com
There have been VCs in SF for almost as long as there have been VCs BTW. Hummer Winblad was the first to set up in then-sleepy Southpark back in the mid 90s (before then the SF investors were mostly in the financial district) and there were a lot of VC satellite offices opening up in SF in the late 90s for the 2000 internet boom. Since about 2000 every one of my companies has been funded by a mix of SV and SF investors.
I was surprised last year to read that SF funding exceeded SV funding by a large amount on a dollar basis. I assume that reflects the costs of trying to rapidly scale retail businesses.
So no, it's not correct to say SF is not part of silicone valley, it has started to become part of silicone valley now.
That said, I also recognize that to people younger than I, SF is totally part of "Silicon Valley" and adjust my vocabulary accordingly.
People who don’t live here decided to conflate SV and Bay Area.
At some point people just gave up on correcting people on where Silicon Valley is. Personally, I think of “the peninsula” and “Silicon Valley” as being the same things, but apparently some folks think anything north of Redwood City doesn’t count.
Not much anyone can do about it, the name doesn’t actually map to a specific municipality.
They live on their own form of welfare called Venture Capital