The VC quietly nabbing prized SF property is planning a ‘Y Combinator for restaurants’

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TechCrunch 11h ago

The VC quietly nabbing prized SF property is planning a ‘Y Combinator for restaurants’ - TechCrunch

Quick Summary:

Neil Mehta, the VC behind the acquisition of a string of properties on San Francisco’s tony Fillmore Street, made waves earlier this week for reportedly throwing long-established local restaurants to the curb to bring in more high-end retailers.

While Pacific Heights has long been among the most expensive and sought-after neighborhoods in San Francisco, according to Redfin, the average home price in Pacific Heights rose to $2.25 million in July.

The San Francisco outfit, which raised its first institutional capital in 2015, has since invested in some of the tech industry’s buzziest privately held companies, including Stripe, Databricks, Rippling, and Canva – all of them now valued in the many billions of dollars by their backers.