Sand Hill Road is a road in Menlo Park, California, notable for its concentration of venture capital companies. Its significance as a symbol of private equity in the United States may be compared to that of Wall Street in the stock market. Connecting El Camino Real and Interstate 280, the road provides easy access to Stanford University and Silicon Valley.
For several years during the dotcom 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.
Sand Hill Road is also home to the SLAC National Accelerator Laboratory.
Read more about Sand Hill Road: Venture Capital Firms, History
Famous quotes containing the words sand, hill and/or road:
“The desert encroaches on the garden. No matter. Sand will do as well as flowers.”
—Mason Cooley (b. 1927)
“One hill will not hold two tigers.”
—Chinese proverb.
“My father and mother in 1817 were forty-nine days on the road with their emigrant wagons [from Vermont] to Ohio. More than two days for each hour that I spent in the same journey.”
—Rutherford Birchard Hayes (1822–1893)