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YC, which invests $150,000 for 7 percent equity in a few hundred startups per year, is currently searching for a space in SF to operate its accelerator program, sources close to YC confirm to TechCrunch, because the majority of YC’s employees and its portfolio founders reside in the city.Founded in 2005, YC’s roots are in Mountain View, California. Venture capital firms, too, have realized the opportunities are larger in SF than on Sand Hill Road.VCs say Silicon Valley isn’t the gold mine it used to beThe transition from the peninsula to the city began around 2012, when VC heavyweights like Uber and Twitter-backer Benchmark opened an office in SF’s mid-market neighborhood.
As said here by Kate Clark