Even Detractors Return
Even SF Detractors Return as AI Bloom Drives Startup Funding; Rival Tech Hubs Austin, Miami See Steep Declines
According to a recent report by The Wall Street Journal, despite a significant exodus during the COVID-19 outbreak, the Bay Area is witnessing a resurgence, particularly within the artificial intelligence sector. While San Francisco saw a 12% drop in startup funding — settling at $63.4 billion last year, other tech hubs like Austin and Miami experienced even steeper declines, with funding volumes plummeting by 27% and 70%, respectively. “An ecosystem such as SF’s that has been built over the last 50-plus years doesn’t just die because of a pandemic for a few years,” Mo Koyfman, founder of Shine Capital, told The Wall Street Journal. Silicon Valley leaders are getting involved in San Francisco politics, trying to shape a city that’s safer for businesses and families. Koyfman’s firm, based in New York, opened a San Francisco office in January to cement its presence in the city’s flourishing tech ecosystem.
Read entire article: Even SF Detractors Return as AI Bloom Drives Startup Funding; Rival Tech Hubs Austin, Miami See Steep Declines
Matt Wolff | Beacon Commercial Advisors
If you’re thinking about renting a new creative office or flex space, now is an amazing time to do so. Rental rates have plummeted and Landlords have become increasingly eager to fill their vacancies. Let me find you a great space and a great deal. In addition to my listings, I have access to a wide range of leasing opportunities throughout San Francisco — please call Matt at Beacon Commercial Advisors 415-343-2381 or email your requirements to [email protected].
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Matt Wolff
Beacon Commercial Advisors
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