page_title: Sand Hill Road
section_title: Venture capitalism
hierarchical_section_title: Sand Hill Road / Venture capitalism
caption_attribution_description: English: The exit for Sand Hill Road as seen by northbound vehicles on Interstate 280. Photographed by user Coolcaesar on September 3, 2016.
context_page_description: Sand Hill Road, often shortened to just "Sand Hill", is an arterial road in western Silicon Valley, California, running through Palo Alto, Menlo Park, and Woodside, notable for its concentration of venture capital companies. The road has become a metonym for that industry; nearly every top Silicon Valley company has been the beneficiary of early funding from firms on Sand Hill Road.
  Its significance as a symbol of private equity and venture capitalism in the United States is compared to that of Wall Street and the stock market, and K Street in Washington, D.C. and political lobbying.
context_section_description: The first venture capitalist to establish itself on Sand Hill Road was Kleiner Perkins Caufield & Byers in 1972. Since then, beneficiaries of funding from Sand Hill include Microsoft, Amazon.com, Facebook, Twitter, Instagram and Skype.
  For several years during the dot-com boom of the late 1990s, commercial real estate on Sand Hill Road was more expensive than almost anywhere else in the world.  The annual rent in the area around Sand Hill Road peaked at around $144 (USD) per square foot ($1550 per m²) in mid-2000; at the time, this was higher than rates in Manhattan and London's West End.
  In 1997, the Harvard Business School opened the California Research Center at 3000 Sand Hill Road, whose aim is to enable HBS faculty to write business cases about Silicon Valley.
  As of December 2014, Sand Hill Road is still the most expensive office space in the United States with annual rent reported at $111 per square foot, which was higher than Manhattan's Fifth Avenue at $102 per square foot.
caption: Sand Hill Road exit signage as seen by northbound traffic on Interstate 280
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