Sand Hill Road is located in Menlo Park, California and is known as a financial center in the United States because of the high population density of venture capital companies that call this California location home. Sand Hill Road is similar to Wall Street in that it is a transportation thoroughfare serving to represent private equity, whereas Wall Street represents the stock market. Sand Hill Road connects Interstate 280 and El Camino Real.
Venture Capital
Venture capital is that money usually invested in companies that have not yet been started or are in their infancy. Venture capital firms pool money from a number of investors into one fund. This fund is then used by a startup company as capital to grow their business and reach their potential. Venture capital firms are what have given Sand Hill Road its claim to fame in the world of financial hot spots in America. Some of the more common things that venture capitalists invest in include internet companies, computer software, communications, medical industry, semiconductors, biotechnology, and computer software.
Sand Hill Road Real Estate
Owing to the substantial risks that are taken by venture capitalists, it conversely stands to reason that there are potentially large rewards. As a result of some of the large successes that have come from the various investments made by Sand Hill Road firms, the real estate during the 1990s skyrocketed due to the dotcom business’s financial heyday.
The Road
The only four lane section of the road was once located from Interstate 280 to Alameda de Pulgas which is the same section of road where notable venture capitalists can be found. However, due to excessive amounts of traffic caused by the area’s popularity with business people combined with the fact that the road was so close to Stanford University, traffic congestion became an ever growing problem. Widening the road proved to be a difficult idea to push through the local government due to concerns from environmentalists who argued that the widening of the road would harm the wildlife and habitat native to the nearby San Francisquito Creek. Despite these concerns, road construction was approved and completed in 2001.