Those clinging to the good memories of the plentiful jobs, skyrocketing rents, and hip scenes of the original dotcom bubble are living in the past -- the poorer past.
The current economic boom in the technology sector has created 34,000 jobs in San Francisco, more jobs than were created at the height of boom 1.0, according to Reuters.
Then, the Web introduced itself to the world at large with well-funded ideas that failed to catch on. Today, firms like Apple, Facebook, Twitter, Salesforce.com, Zynga, and Yelp anchor neighborhoods and provide products that are central to many citizens' lives, the news service reported. Who would be willing to throw away their iPhone -- when it can hail a cab, find a restaurant, and even land the user a job?
San Francisco is also becoming more of a hub of Silicon Valley money and influence, the news service reported. Companies in the city "captured 20 percent of all venture capital funding in the last quarter of last year, its best showing ever," Reuters reported.
