ISSUE – July 17 | San Francisco’s VC Boom Is Over

But tech investment is still rolling along in the rest of the country. The second-quarter PricewaterhouseCoopers MoneyTree report on venture capital investment in the U.S. (based on data from CB Insights) came out last week, and it once again showed the San Francisco area in the lead. This leadership is a relatively new thing. Until 2010, the San Francisco area had, except for one quarter in 1999, always trailed Silicon Valley — the longtime headquarters of the U.S. tech industry just to its south — in the MoneyTree tallies of inbound VC investment, which go back to 1995. In fact, PwC had just counted the two as a single region called Silicon Valley until this year, when it decided to split the area along the dividing line of California Route 92. [ Bloomberg ]