We've only been out here half a day so far but even in that time it's obvious that San Francisco is a pretty special place and not least because of the gorgeous sunny weather.

I remember Ben Metcalf blogging about this when he first came out here but even as you come in from the airport you see advertising hoardings for websites like Blinx and the offices of buzz-names like Slingbox by the side of the road. This is internet-land.

Software, coding and building businesses are in the blood and in sharp contrast to London, people really understand what's involved in creating them. We met up with Harjeet and Kulveer for a Mexican last night and I was amazed at how fast things are moving for them with Auctomatic. They may well be about to get involved with some very significant names and aside from having accepted even more Angel funding are in a very hot spot with their product.

I'm not going to say too much about Y-Combinator yet because there's a lot more to learn and we're fortunate enough to go to one of the founder's dinners tonight. Harj and Kulv both wax lyrical about Paul every time I see them though and I'm looking forward to finally meeting him.