Summary List PlacementContrary to the talk about tech people and companies moving from San Francisco, Silicon Valley is still the global hub for venture capital, according to a new report published by deals research firm, PitchBook. And many Bay Area venture capitalists agree. In the year since the pandemic made work-from-home the norm, some big-name VCs have vocally fled San Francisco, such as Founders Fund general partner Keith Rabois. And several Bay Area tech giants relocated their global headquarters outside of California, including Oracle and Hewlett Packard to Austin and Palantir to Denver.