Apr 21, 2026
by
Ilya Strebulaev
Bay Area's Unicorn Dominance Reflects Talent Cycles Not Just Capital
San Francisco and Silicon Valley control 37% of US unicorns through self-reinforcing founder ecosystems.
Apr 21, 2026
by
Ilya Strebulaev
San Francisco and Silicon Valley control 37% of US unicorns through self-reinforcing founder ecosystems.