A decade ago, billionaire entrepreneurs Peter Thiel and Elon Musk decided to take booming start-up PayPal public from a small coffee shop along Palo Alto’s University Avenue. The street, the epicenter of Silicon Valley high tech, also helped incubate such now-established giants as Facebook and Google. But today, Thiel has seemingly left the Valley behind.
The venture capital funds he runs are based 30 miles north, in a San Francisco building with views of the Golden Gate Bridge. A number of highly publicized start-ups like Twitter, Square, and Pinterest are also located in the heart of urban San Francisco. As Twitter co-founder Jack Dorsey tweeted last February from his new headquarters in San Francisco’s Mid-Market neighborhood, “I love the idea of an urban corporate campus with all the energy and variety that provides.”
To what extent have clusters of venture capital and start-ups shifted from their traditional locations in suburban nerdistans to urban tech in bigger cities and denser urban districts?
Read more: The Atlantic Cities Why San Francisco May Be the New Silicon Valley
The table below ranks the ten leading Bay Area zip codes by venture capital investment.
|Top Ten Zip Codes for Venture Capital Investment in the Bay Area|
|Rank||Zip Code||Neighborhood and Features||City||Investment (millions)|
|1||94107||Portero Hill, South Beach, South Park||San Francisco||$1,885.8|
|2||94105||Rincon Hill, Embarcadero South||San Francisco||$693|
|3||94043||Suburban Mountain View, including Google headquarters||Mountain View||$660.5|
|4||94063||Centennial, Stambaugh Heller, Redwood Village, Friendly Acres||Redwood City||$575.2|
|5||94103||South of Market||San Francisco||554.6|
|6||95054||Suburban Santa Clara, north||Santa Clara||$548.3|
|7||94065||Redwood Shores||Redwood City||$433.5|
|8||94301||Crescent Park, University South, Old Palo Alto||Palo Alto||$412.7|
|10||94089||North Sunnyvale, including Lakewood, Lockheed Martin headquarters||Sunnyvale||$378.2|