"The Presidio: San Francisco's New Venture Capital Hotspot and National Park"

Venture capital firms in San Francisco are increasingly moving away from downtown and finding new homes in the Presidio, a former military base-turned-national park. The shift is driven by factors such as the pandemic, urban decay, and changes in the tech industry. The Presidio offers a safer and more serene environment compared to downtown, with lush greenery, panoramic views, and federal police patrolling the area. Some venture capital firms believe that the scattered nature of startup founders since the pandemic makes it less necessary to stay downtown. Despite being more expensive than downtown, the Presidio has a lower vacancy rate and is attracting interest due to its amenities and beautiful surroundings. However, some firms remain committed to downtown and are partnering with local businesses to revive the tech corridor.