These exhibits from the second chapter of the 10th Bay Area Economic Profile, published in 2018, drill down into the specific assets of and advantages provided by the San Francisco-Silicon Valley Bay Area's innovation economy.

1. www.bayareaeconomy.org
The strong presence of Fortune 500 companies headquartered in the Bay Area
significantly surpasses similarly-sized metro areas.
Number of Fortune 500 Companies in 2018 Compared to 2013 2013 2018
Detroit
Los Angeles
Boston
Seattle
Atlanta
St. Louis
Minneapolis
Denver
Washington
Philadelphia
Houston
Dallas
Bay Area
Chicago
New York
80
31
32
19
27
18
18
13
17
8
10
10
9
12
11
Gone From the 2013 List
▪ Advanced Micro Devices
▪ Agilent Technologies
▪ Safeway
▪ SanDisk
▪ Symantec
▪ URS
▪ Yahoo
New to
the List in 2018
▪ Adobe Systems
▪ HP Inc.
▪ Lam Research
▪ Netflix
▪ Nvidia
▪ PayPal
▪ Salesforce.com
▪Tesla
On the List
in 2013 and 2018
▪ Apple
▪ Applied Materials
▪ Charles Schwab
▪ Chevron
▪ Cisco Systems
▪ Clorox
▪ Core-Mark Holdings
▪ eBay
▪ Facebook
▪ Franklin Resources
▪ Gap
▪ Gilead Sciences
▪ Google/Alphabet
▪ Hewlett-Packard
▪ Intel
▪ McKesson
▪ NetApp
▪ Oracle
▪ PGE Corp.
▪ Ross Stores
▪ Sanmina
▪ Synnex
▪ Visa
▪ Wells Fargo
▪ Western Digital
84
35
33
22
21
18
15
15
14
11
11
10
10
10
10
EXHIBIT 10
Notes: Data presented are for metropolitan statistical areas in all cases except for the Bay Area, which represents companies from nine counties.
Sources: Fortune, DB Hoovers Analysis: Bay Area Council Economic Institute and McKinsey Company

2. www.bayareaeconomy.org
The Bay Area has strong industry diversification across its top-performing
companies compared to other U.S. economic hubs.
Houston
New
York
Bay
Area
2017 U.S. Fortune 500 Companies by Industry
Energy Financials / Insurance Tech / Telecom / Media Others
Consumer
Products
EXHIBIT 11
Notes: The Bay Area hub includes 17 cities: Cupertino, Dublin, Foster City, Fremont, Los Gatos, Menlo Park, Mountain View, Oakland, Palo Alto,
Redwood City, San Jose, San Mateo, San Ramon, Santa Clara, San Francisco, South San Francisco, and Sunnyvale.
Sources: Fortune, Capital IQ Analysis: Bay Area Council Economic Institute and McKinsey Company

3. www.bayareaeconomy.org
The value of Bay Area Fortune 500 companies is concentrated in the tech
sector. Four of the top ten global companies by market capitalization are
headquartered in the Bay Area.
Bay Area
890
769
543
309
269
209
201
195
97
95PayPal
Gilead
Wells Fargo
Oracle
Alphabet
Intel
Cisco
Apple
Visa Inc.
Facebook
Financials
IT
Healthcare
Consumer
Staples
New York
96
162
101
IBM
Phillip Morris
Verizon
Goldman Sachs
Bristol-Myer
150
220
214
JP Morgan
Pfizer
376
Chicago
ORI
TDS
Jones Lang LaSalle
Conagra
Archer-Daniels
Exelon
Motorola
UC Holdings
LKQ
Boeing
Others
Consumer Staples
IT
Telecom
Consumer
Discretionary
FinancialsHealthcare
Industrials
Consumer
Staples
Consumer Disc. Telecom
Real Estate
Utilities
IT
Financials
Market Capitalization Share by Industry / Top Ten Companies by Market Capitalization
100% = 2,983 USD billion 100% = 4,087 USD billion 100% = 205 USD billion
Company Company Company
199
169
168
Citigroup
Pepsico
Mastercard
USD billions USD billions USD billions
37
23
21
15
15
13
7
5
3
184
EXHIBIT 12
Sources: Capital IQ, 2017 PwC Global Top 100 Report Analysis: Bay Area Council Economic Institute and McKinsey Company

4. www.bayareaeconomy.org
The Bay Area has seen rapid high-technology jobs growth since the
Great Recession.
EXHIBIT 13
Source: BLS Quarterly Census of Employment and Wages Analysis: Bay Area Council Economic Institute

5. www.bayareaeconomy.org
The Bay Area’s San Jose Metropolitan Statistical Area has the highest
concentration of high-technology jobs in the nation.
Top Ten Concentrations of High-Technology Jobs by MSA, 2017 Location Quotient
0
0.5
1.0
1.5
2.0
2.5
AustinNew YorkLos AngelesAtlantaDenverHoustonBostonSan FranciscoSeattleSan Jose
1.59 1.49
1.11 1.09 1.02 0.97
0.87 0.83
2.40
1.77
EXHIBIT 14
Source: BLS Quarterly Census of Employment and Wages Analysis: Bay Area Council Economic Institute

6. www.bayareaeconomy.org
The Bay Area’s three largest companies by market capitalization—Alphabet,
Apple, and Facebook—have real estate footprints that span the region.
EXHIBIT 15
Source: Tam Duoing, Jr. / San Francisco Chronicle / Polaris

7. www.bayareaeconomy.org
Since 2011, the tech sector has represented more than 60% of sales from
Fortune 500 companies in the Bay Area.
EXHIBIT 16
Source: Fortune, Capital IQ Analysis: Bay Area Council Economic Institute and McKinsey Company

8. www.bayareaeconomy.org
Ten disruptive Bay Area startups have valuations close to or greater
than $4 billion, with 2017 or 2018 funding rounds closing at $425 million
on average.
EXHIBIT 17
Note: Valuation is based data accessed December 22, 2017.
Source: Pitchbook Analysis: Bay Area Council Economic Institute and McKinsey Company
Company
Current Valuation
USD Billion
Latest Funding Round
USD Million
1
2
3
4
5
6
7
8
10
9
4.4
3.8
11.5
5.1
4.0
9.2
10.0
31.0
12.3
68.0
400
500
500
600
100
250
150
350
150
448
▪
▪
2017 or 2018
funding
rounds across
these 10
startups closed
at $425 million
on average.
Privately-held
companies like
Uber and
Airbnb are
now valued
higher than a
significant
number of
companies on
the Fortune
500 list.

9. www.bayareaeconomy.org
The Bay Area attracts much of the nation’s venture capital investment, and
deal size in the region is growing.
EXHIBIT 18
Note: The Bay Area is defined as the San Francisco and Silicon Valley constituent MSAs.
Sources: PwC MoneyTree Report Analysis: Bay Area Council Economic Institute and McKinsey Company

10. www.bayareaeconomy.org
Since 2010, levels of venture capital investment in the Bay Area in six key
sectors have greatly exceeded venture investment in the same sectors in
other peer regions.
8,000
6,000
4,000
2,000
0
8,000
4,000
0
6,000
2,000
6,000
10,000
8,000
0
2,000
4,000
8,000
6,000
10,000
2,000
0
4,000
2013 20172010
20,000
0
30,000
10,000
10,000
20,000
15,000
0
25,000
5,000
Venture Capital Investment by Industry Vertical, 2010–2017
$ Millions
FinTechBig Data
Software as a Service
AI and Machine Learning
MobileLife Sciences
2013 20172010
2013 20172010
2013 20172010
2013 201720102013 20172010
Bay Area Boston Denver NYC Seattle
EXHIBIT 19
Source: Pitchbook Analysis: Bay Area Council Economic Institute and McKinsey Company