TECH CLIP: Why San Diego missed the first wave of tech ‘unicorns,’ and what’s changing now

Lede: San Diego is a biotech town, a military town, and a tourism town. It’s not a software town, is it?

After years of stagnation, San Diego is seeing a barrage of startup activity in the tech scene. In recent months, two tech startups earned billion-dollar valuations, making them the first software “unicorns” spotted locally in decades…

The bubbling activity is bewildering to some in the business community, who long ago acclimated to the idea that San Diego is a place where science rules supreme, while software tends to flounder. And it’s true the biotech industry still rakes in the lion’s share of venture money. But San Diego’s tech scene is not what it used to be, and new players are coalescing into a hub with considerable speed.

READ THE FULL STORY AT THE SAN DIEGO UNION-TRIBUNE.

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