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Founded by Rich Bendis

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It’s hard to fathom a startup exodus from California, of all places, with its balmy weather, sweeping cliff-top ocean views and seemingly endless sources of capital for the next new thing.

But innovators are leaving and in droves. How did we end up here?

It reminds me of a quote from Jefferson Starship‘s Paul Kantner: “San Francisco is 49 square miles surrounded by reality.”

Image: Tim Schigel, partner, Refinery Ventures. Photo courtesy of the firm.