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 hill and/or road:
“The most interesting thing which I heard of, in this township of Hull, was an unfailing spring, whose locality was pointed out to me on the side of a distant hill, as I was panting along the shore, though I did not visit it. Perhaps, if I should go through Rome, it would be some spring on the Capitoline Hill I should remember the longest.”
—Henry David Thoreau (1817–1862)
“At sundown, leaving the river road awhile for shortness, we went by way of Enfield, where we stopped for the night. This, like most of the localities bearing names on this road, was a place to name which, in the midst of the unnamed and unincorporated wilderness, was to make a distinction without a difference, it seemed to me.”
—Henry David Thoreau (1817–1862)