Photographer: Michael Short/Bloomberg
Venture Capital

Silicon Valley VCs Pay the Highest Rent in the U.S.

An address on Sand Hill Road offers validation. “The entire world looks at that and says, ‘OK, we know you’re somebody.’”

Aydin Senkut started his venture capital firm Felicis Ventures in San Francisco a decade ago. Five funds and more than $430 million later, Senkut is ready to open an office on Sand Hill Road, alongside such Silicon Valley institutions as Kleiner Perkins Caufield & Byers and Sequoia Capital. But he’s going to have to pay up.

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