Or it could be something else. In any case, San Francisco's recent VC experience has been strikingly different from that of just about everywhere else, and the 2014-2017 rise and fall of VC investment there looks alarmingly similar (if not quite as precipitous on the downside) to that of 1999-2001. Again, that's just what the charts show -- I don't have a convincing substantive explanation for how San Francisco could go through a startup bubble and bust while VC investment in the rest of the nation and world chugs right along. But that does appear to be what's happening.
Cutouts is an open source application. Code licensed under the MIT license. Copyright 2018 Siddharth Kannan