High-tech boom brings a sense of déjà vu in San Francisco
“The number of technology jobs in San Francisco will soon surpass the record of 34,000 set in 2000, during the dot-com boom. It’s transforming once-troubled neighborhoods and setting off a scramble for pricey apartments.
Reporting from San Francisco— When Twitter inventor Jack Dorsey decided to start a new company last year, he bypassed Silicon Valley and set up shop in San Francisco.
The 34-year-old, who said he was drawn to the “variety and vibrancy” of city life, is one of a growing number of entrepreneurs resisting the gravitational pull of high-tech’s epicenter 30 miles to the south.
The result is a dramatic surge in economic activity not seen in San Francisco since the height of the dot-com boom more than a decade ago. It’s a rare bright spot in the nation’s troubled economy.
“Technology has firmly established a foothold in the city,” said Jeremy Stoppelman, founder and chief executive of Yelp, the online reviews site based in San Francisco.”
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