The latest data from Carta confirms what I’ve seen, felt and experienced … the SF Bay isn’t just back, it’s accelerating for VC and founders. This isn’t to say other ecosystems aren’t strong, too.
It’s just between AI, YC, and VCs just plain coming back to the SF Bay … momentum continues to concentrate there. At least for founders, senior execs and funding. For the average SDR or AE? Maybe less so.
Carta shows for VC overall, 35.0% of dollars are deployed in the Bay Area now, and importantly, 43.6% of SaaS VC investments are in the SF Bay.
Of the last 3 SaaS IPOs, only 1 was HQ’d in the Bay Area (Rubrik). Klaviyo and OneStream aren’t. You can build something great from anywhere these days.
But it sure looks like the best odds to get funded remain being in the SF Bay. By far.
A related post here:
