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Posts Tagged ‘Waltham’
By Media Team
May 19th, 2009
Greylock leaves Beantown for the Valley
Greylock leaves Beantown for the Valley
Today, Greylock Venture Partners, a major early-stage VC firm, announced that it was moving its headquarters from Boston to the Bay Area. Its headquarters had been located in Waltham, MA, just a short (well, 30 minute without traffic) drive from Boston on 95. Being a former resident of Waltham myself, I can empathise with anyone wanting to move out. It’s not very convenient to the city: there are no T-stops, any morning commute there is painful and there just isn’t much around.
Microsoft even, who long dominated the skyline of Waltham’s office buildings overlooking the highway, decided to trade in their shimmering transparent Prospect Hill building for granola-and-geeky Cambridge. A surprising amount of tech start-ups are located in Boston, and the epicenter is here in Cambridge, at the intersection of Harvard and MIT, fueled by the people who come out of those institutions with big ideas.
Greylock’s new offices will be in Sand Hill Road in Menlo Park, CA, and along with it, much of its back-office operations. The Valley has more enterprise software and consumer internet start-ups for them to fund, but the amount of VCs there is oversaturated. There are still plenty of big ideas lying around Boston. Perhaps Greylock didn’t need to move all the way out to Silicon Valley, just down the road a little bit.
