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Fortune
Fortune
Anne Sraders, Jessica Mathews

Is San Francisco back? Venture investors weigh in on how the hub of VC and startups has—and hasn’t—changed

(Credit: Spondylolithesis—Getty Images)

It’s after 10 p.m. on Friday night in the Mission District in San Francisco, and a slew of venture capital types and tech founders are (very closely) huddled together in a darkly-lit room trying to get a drink at the bar.

The crowd, clad in black tie attire—many of them donning pink and blue feathery boas, a party favor—gathered for a Christmas party for the tech and venture circles during the second week of December. A few attendees told us that it was just one of several parties they were attending that same week.

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