Garry Tan San Francisco Unicorn Rate

Garry Tan of Y Combinator sent a Slack message with the percentage of companies that turn into unicorns ($1b+ valuation) that come out of San Francisco (SF) and the surrounding San Francisco Bay Area (SFBA).

This is generally why VC companies invest in companies out of these areas because they historically have a much higher chance of becoming worth over a billion than other locations.