AIQuartzabout 2 hours ago
Tech IPO wealth stays concentrated in Bay Area
1 min read
Every tech IPO cycle has concentrated wealth in the same few cities rather than spreading it. The AI boom is expected to create 12,000 new millionaires almost entirely in San Francisco. The Bay Area's share of domestic venture investment jumped from 55% in 2025 to over 80% in early 2026.
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