As of May 2020, Silicon Valley was home to 2,000 tech companies — the greatest concentration anywhere in the world. Between 2011 and 2019, Silicon Valley startups received more than $113 billion of funding. Add in an incredible concentration of talent generating and building on innovative ideas plus top tech corporations hungry to gobble up new companies, and it’s been an environment impossible to emulate anywhere else in the world.
inflation
Pandemic rent control? Bay Area landlords lose their pricing power
It took a virus, not political action, to prune the pricing power of California landlords.