Bit curious as to what you all view as the top VC markets in the US/Internationally currently? In the US, I'd assume that the San Francisco Bay Area is the top but what other major cities do you see as hotbeds for lots of activity right now? Also looking on towards the future, what are some up and coming areas and do you see any areas in decline anytime soon? Same questions apply for international markets.
EDIT: Someone brought up a great point about the quality of startups in a lot of these major cities. Where do you see startups actually being successful and undergoing meaningful exits?