San Francisco’s technology elite have grown so dissatisfied with the city, a handful of its heavyweights are putting big bucks into building a new settlement 60 miles away.
A group including venture capitalist Michael Moritz, philanthropist Laurene Powell Jobs, LinkedIn founder Reid Hoffman, venture capitalists Marc Andreessen and Chris Dixon, investor Nat Friedman, and Stripe co-founders John and Patrick Collison have spent $800 million on land in Solano County, a mostly rural area between San Francisco and Sacramento. The development would include “tens of thousands of new homes, a large solar energy farm, orchards with over a million new trees, and over ten thousand acres of new parks and open space,” according to a poll sent to residents, would feel like “a college town” and would be entirely privately funded, according to news site SFGate, which saw the poll.
