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Sand Hill Road

Sand Hill Road

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Encyclopedia
Sand Hill Road is a road
Road
A road is a thoroughfare, route, or way on land between two places, which typically has been paved or otherwise improved to allow travel by some conveyance, including a horse, cart, or motor vehicle. Roads consist of one, or sometimes two, roadways each with one or more lanes and also any...

 in Menlo Park, California
Menlo Park, California
Menlo Park, California is a city at the eastern edge of San Mateo County, in the San Francisco Bay Area of California, in the United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, Palo Alto, and Stanford to the south; Atherton, North Fair Oaks, and Redwood City...

, notable for its concentration of venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

 companies. Its significance as a symbol of private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....

 in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 may be compared to that of Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...

 in the stock market
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...

. Connecting El Camino Real
El Camino Real (California)
El Camino Real and sometimes associated with Calle Real usually refers to the 600-mile California Mission Trail, connecting the former Alta California's 21 missions , 4 presidios, and several pueblos, stretching from Mission San Diego de Alcalá in San Diego...

 and Interstate 280
Interstate 280 (California)
Interstate 280 is a 57-mile long north–south Interstate Highway in the San Francisco Bay Area of Northern California. It connects San Jose and San Francisco, running along just to the west of the cities of San Francisco Peninsula for most of its route.I-280 from its northern end at King...

, the road provides easy access to Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...

 and Silicon Valley
Silicon Valley
Silicon Valley is a term which refers to the southern part of the San Francisco Bay Area in Northern California in the United States. The region is home to many of the world's largest technology corporations...

.

For several years during the dotcom boom of the late 1990s, commercial real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

 on Sand Hill Road was more expensive than almost anywhere else in the world. The annual rent
Economic rent
Economic rent is typically defined by economists as payment for goods and services beyond the amount needed to bring the required factors of production into a production process and sustain supply. A recipient of economic rent is a rentier....

 in the area around Sand Hill Road peaked at around $144 (USD
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....

) per square foot ($1550 per m2) in mid-2000; at the time, this was higher than rates in Manhattan
Manhattan
Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...

 and London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

's West End
West End of London
The West End of London is an area of central London, containing many of the city's major tourist attractions, shops, businesses, government buildings, and entertainment . Use of the term began in the early 19th century to describe fashionable areas to the west of Charing Cross...

.

Sand Hill Road is also home to the SLAC National Accelerator Laboratory
SLAC National Accelerator Laboratory
The SLAC National Accelerator Laboratory, originally named Stanford Linear Accelerator Center, is a United States Department of Energy National Laboratory operated by Stanford University under the programmatic direction of the U.S...

.

Venture capital firms


Sand Hill Road venture capitalist firms currently invest in a variety of areas, in particular:
  • Biotechnology
    Biotechnology
    Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...

  • Clean technology
    Clean technology
    Clean technology includes recycling, renewable energy , information technology, green transportation, electric motors, green chemistry, lighting, Greywater, and many other appliances that are now more energy efficient. It is a means to create electricity and fuels, with a smaller environmental...

  • Computer hardware
    Computer hardware
    Personal computer hardware are component devices which are typically installed into or peripheral to a computer case to create a personal computer upon which system software is installed including a firmware interface such as a BIOS and an operating system which supports application software that...

  • Computer services
  • Computer software
    Computer software
    Computer software, or just software, is a collection of computer programs and related data that provide the instructions for telling a computer what to do and how to do it....

  • Electronics
    Electronics
    Electronics is the branch of science, engineering and technology that deals with electrical circuits involving active electrical components such as vacuum tubes, transistors, diodes and integrated circuits, and associated passive interconnection technologies...

  • Healthcare
  • Internet
    Internet
    The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...

     companies
  • Semiconductor
    Semiconductor
    A semiconductor is a material with electrical conductivity due to electron flow intermediate in magnitude between that of a conductor and an insulator. This means a conductivity roughly in the range of 103 to 10−8 siemens per centimeter...

    s
  • Telecommunication
    Telecommunication
    Telecommunication is the transmission of information over significant distances to communicate. In earlier times, telecommunications involved the use of visual signals, such as beacons, smoke signals, semaphore telegraphs, signal flags, and optical heliographs, or audio messages via coded...



Some venture capital and private equity firms located on Sand Hill Road include:
  • Azure Capital Partners
    Azure Capital Partners
    Azure Capital Partners is an early stage venture capital firm that invests in the information technology industry.-History:The firm was founded in 2000, and works using an investment research approach to venture capital investing...

     - 2100 Sand Hill Road
  • GI Partners
    GI Partners
    GI Partners L.P. is a private equity firm based in Menlo Park, California and London, England.- Description :...

     - 2180 Sand Hill Road
  • Lightspeed Venture Partners
    Lightspeed Venture Partners
    Lightspeed Venture Partners is a venture capital firm focusing on early stage investments in IT companies.The firm is based in Menlo Park, California and has raised approximately $2 billion of investor capital since inception across eight venture funds....

     - 2200 Sand Hill Road
  • Greylock Partners - 2250 Sand Hill Road
  • Highland Capital Partners
    Highland Capital Partners
    Highland Capital Partners is a venture capital firm that focuses on investments in seed, early, and growth stage companies in the communications, consumer, digital media, healthcare, and information technology sectors. The firm's partners include: Peter Bell, Sean Dalton, Bob Davis, Richard de...

     - 2420 Sand Hill Road, Suite 300
  • Shasta Ventures - 2440 Sand Hill Road
  • Storm Ventures - 2440 Sand Hill Road, Suite 301
  • Benchmark Capital
    Benchmark Capital
    Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups. In 1997, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999. Other high-profile investments include Ariba, Juniper Networks, Red...

     - 2480 Sand Hill Road
  • The Blackstone Group - 2494 Sand Hill Road
  • Accel-KKR
    Accel-KKR
    Accel-KKR is a technology-focused private equity firm focused on control investments in middle-market companies. The firm invests primarily in software and IT-enabled businesses...

     - 2500 Sand Hill Road
  • Morgenthaler
    Morgenthaler
    - People :* Walter Morgenthaler , Swiss psychiatry* Otto Morgenthaler * Ernst Morgenthaler , a Swiss painter* Wendelin Morgenthaler , German politician * Hans Morgenthaler , Swiss poet...

     - 2710 Sand Hill Road
  • U.S. Venture Partners
    U.S. Venture Partners
    U.S. Venture Partners , is a venture capital investment firm headquartered on Sand Hill Road in Silicon Valley focusing on investments in an array of segments including semiconductors, software as a service, communications, storage, wireless, Internet 2.0, Cleantech, Medical devices and...

     - 2735 Sand Hill Road
  • Kleiner, Perkins, Caufield & Byers
    Kleiner, Perkins, Caufield & Byers
    Kleiner Perkins Caufield & Byers ' is a world-leading venture capital firm located on Sand Hill Road in Menlo Park in Silicon Valley. The Wall Street Journal has called it one of the "largest and most established" venture capital firms in the world...

     - 2750 Sand Hill Road
  • Silver Lake Partners
    Silver Lake Partners
    Silver Lake is a US-based private equity firm focused on leveraged buyout and growth capital investments in technology, technology-enabled and related industries...

     - 2775 Sand Hill Road
  • Kohlberg Kravis Roberts - 2800 Sand Hill Road
  • New Enterprise Associates
    New Enterprise Associates
    New Enterprise Associates is a global investment firm focused on venture capital and growth equity investments. With approximately $11 billion in committed capital, NEA is among the largest venture firms. The firm invests in three broad industry sectors: information technology, healthcare, and...

     - 2855 Sand Hill Road
  • Andreessen Horowitz
    Andreessen Horowitz
    Andreessen Horowitz is a venture capital firm founded by Marc Andreessen and Ben Horowitz. The company's headquarters is in Menlo Park, California.The venture capital fund was started in June 2009 with an initial capital of $300 million....

     - 2875 Sand Hill Road
  • Charles River Ventures
    Charles River Ventures
    Charles River Ventures is a venture capital firm focused on early-stage investments in technology and new media companies.The firm, which is based in Waltham, Massachusetts and Menlo Park, California, was founded in 1970 to commercialise research that came out of MIT...

     - 2882 Sand Hill Road
  • Draper Fisher Jurvetson
    Draper Fisher Jurvetson
    Draper Fisher Jurvetson is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $7 billion in capital commitments....

     - 2882 Sand Hill Road
  • Battery Ventures
    Battery Ventures
    Battery Ventures is a venture capital firm that invests principally in technology markets including: Internet & Digital Media; Financial & Information Services; Cleantech; Software; Semiconductors & Components; Infrastructure Technologies; Communication Services; and Industrial Technologies.The...

     - 2884 Sand Hill Road
  • Mohr Davidow Ventures
    Mohr Davidow Ventures
    Mohr Davidow Ventures is a venture capital firm that invests in early stage technology companies. For over 28 years, Mohr Davidow has helped to build more than 250 startup companies. The firm has $1.85B under management...

     - 3000 Sand Hill Road
  • Redpoint Ventures
    Redpoint Ventures
    Redpoint Ventures is a prominent venture capital firm focused on investments in early stage technology companies. The firm's partners include Allen Beasley, Jeff Brody, Satish Dharmaraj, Tom Dyal, Tim Haley, Brad Jones, Nety Krishna, Chris Moore, Lars Pedersen, Scott Raney, John Walecka, Geoff...

     - 3000 Sand Hill Road
  • Sequoia Capital
    Sequoia Capital
    Sequoia Capital is a Californian venture capital firm located on Sand Hill Road in Menlo Park, California. The Wall Street Journal has called Sequoia Capital "one of the highest-caliber venture firms", and noted that it is "one of Silicon Valley's most influential venture-capital firms"...

     - 3000 Sand Hill Road
  • Tenaya Capital
    Tenaya Capital
    Tenaya Capital is a venture capital firm with offices in Menlo Park, California, and Boston, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, Tenaya spun out to become an independent firm in 2009 following Lehman's bankruptcy. To date, Tenaya has raised five funds representing...

     - 3000 Sand Hill Road
  • Versant Ventures - 3000 Sand Hill Road

History


For many years, Sand Hill Road's northern end terminated in the middle of Stanford Shopping Center's
Stanford Shopping Center
Stanford Shopping Center is an upscale open air shopping mall located on El Camino Real at Sand Hill Road in Palo Alto, California. It is on the campus of Stanford University although the university only owns the land and not the actual buildings or stores...

 parking lot
Parking lot
A parking lot , also known as car lot, is a cleared area that is intended for parking vehicles. Usually, the term refers to a dedicated area that has been provided with a durable or semi-durable surface....

, and the only four-lane segment was the section from Interstate 280
Interstate 280 (California)
Interstate 280 is a 57-mile long north–south Interstate Highway in the San Francisco Bay Area of Northern California. It connects San Jose and San Francisco, running along just to the west of the cities of San Francisco Peninsula for most of its route.I-280 from its northern end at King...

 to Santa Cruz Avenue (the section where all the venture capitalists are housed). This situation resulted in two severe bottlenecks which made it difficult to travel to and from Stanford Shopping Center
Stanford Shopping Center
Stanford Shopping Center is an upscale open air shopping mall located on El Camino Real at Sand Hill Road in Palo Alto, California. It is on the campus of Stanford University although the university only owns the land and not the actual buildings or stores...

, Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...

, and Menlo Park
Menlo Park, California
Menlo Park, California is a city at the eastern edge of San Mateo County, in the San Francisco Bay Area of California, in the United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, Palo Alto, and Stanford to the south; Atherton, North Fair Oaks, and Redwood City...

.

Extension and widening of the road was fiercely opposed by environmentalists, who were concerned about the road's proximity to San Francisquito Creek, and by residents of Menlo Park, who feared that completion of the road would increase traffic congestion in their area due to the mid-Peninsula region's lack of a direct north-south arterial. After three decades of lobbying, negotiation, and litigation, the road was finally completed to El Camino Real
El Camino Real (California)
El Camino Real and sometimes associated with Calle Real usually refers to the 600-mile California Mission Trail, connecting the former Alta California's 21 missions , 4 presidios, and several pueblos, stretching from Mission San Diego de Alcalá in San Diego...

 in 2001. Only the existing portion from just north of Alameda de las Pulgas to just south of Stanford Shopping Center
Stanford Shopping Center
Stanford Shopping Center is an upscale open air shopping mall located on El Camino Real at Sand Hill Road in Palo Alto, California. It is on the campus of Stanford University although the university only owns the land and not the actual buildings or stores...

 was widened to four lanes; the new extension past the shopping center was built only as two lanes.

The bottleneck near Santa Cruz Avenue was widened in 2006 and features a 16 feet (4.9 m) high faux rock wall at the junction of Sand Hill Road and Santa Cruz Avenue. The project was delayed because the stretch of land at issue runs through Menlo Park, not Palo Alto; the city reversed its stubborn opposition to widening only after it saw how well the widening of the northern Palo Alto segment turned out.