Despite media headlines claiming that startups are leaving Silicon Valley, the San Francisco Bay Area is still a hotbed of innovation. Out of the 10 companies to reach a $1-billion valuation the fastest, eight are based in San Francisco, according to PitchBook.
Just a decade ago, we could not imagine renting out someone’s home, hailing a cab or chatting on video with friends in other parts of the world — all with a single tap on our smartphones.
