While we here at SandHill.com like to spread the love, featuring stories about startups and tech hubs across the country, recent data from PitchBook has brought us back to a stark economic reality: Out of the top 10 most valuable privately funded companies nationally, 9 are headquartered in California – and vastly more are actually based in the city of San Francisco than in legendary Silicon Valley.
As the chart above indicates, six of these top-funded companies are based in San Francisco, while only one is based in Silicon Valley; the remainder of the California 9 are headquartered elsewhere in the Bay Area and the state.
Clare Christopher is editor of SandHill.com