NEW WAVES
CLICK TO WATCH : ‘ GLOBAL STARTUPS , ENTREPRENEURS AND CHANGEMAKERS
81
NEW WAVES
Throughout its history , the city has proven itself to be a nucleus of developing culture : the Gold Rush of 1849 established a hardy banking and finance district which was later paid homage to by the San Francisco 49ers football team ; the beat generation of the ‘ 50s established a keen literary following that exists to this day ; Haight Ashbury served as commune to the pilgrims of the late ‘ 60s hippie culture . However , most recently , it has served as the breeding ground for Silicon Valley .
A capital for both the ‘ Dot Com Bubble ’ and the social media whirlwind , San Francisco is the stomping ground of many an internet startup , and a veritable hive for entrepreneurs of all kinds . The Bay Area is home to the USA ’ s largest concentration of venture capital firms , with annual VC investments averaging $ 6.5bn .
Today , San Francisco provides the backdrop to hundreds of big businesses , spanning every industry . From movie wizards LucasFilm and Industrial Light and Magic , to global food producers
www . businesschief . com