But last week he announced plans to scale back his time at Google Ventures to focus on a new consumer Internet startup called North Technologies. We are the ones who serve them coffee, deliver them food, suck their c-s, watch their kids, and mop their floors."
"The start-up he funds bring the swarms of entrepreneurs that have ravaged the landscapes of San Francisco and Oakland," the protestors wrote in a leaflet handed out at the demonstration. The clash between those two views of the world has led to a spring and summer of angry words and angst.Ī few days before Salesforce's announcement, protesters set up a line outside the home of Google Ventures partner Kevin Rose, passing around fliers describing him as a "parasite." Tech companies counter that San Francisco is a magnet for the tech disruptors changing the way we all live and work, and say they are bringing prosperity to the more than 68,000 people who work in San Francisco's tech sector.
Working in Silicon Valley tech is much more lucrative than you think. Starved for tech talent and yet nobody to hire?. The 'sharing' economy's hidden toll on SF. Stories about elderly, long-time residents evicted to make way for Airbnb inventory have become a fixture on the front page of the local paper. The presence of well-heeled newcomers sporting six-figure tech salaries is raising the cost of living to the breaking point for thousands of poor and working-class people, they argue. In fact, they link its increasingly outsized presence here to a widening social gap. The moment also furnished another reminder of the tech-powered economic resurgence in this perennial boom-and-bust town, with tech jobs helping to drive the unemployment rate to 4.1 percent in the Bay Area, well below the statewide average of 7.4 percent in June.īut while tech may be re-energizing the local economy, a dark mood has set in among social activists who don't share the mayor's upbeat vibe about the benefits of cozying up to the tech industry. Vexed in the city: CNET looks at how San Francisco is dealing with its tech boom.Īs the municipal booster-in-chief, Lee was predictably pleased about yet another high-profile tech company expanding in San Francisco rather than in one of Silicon Valley's suburbs 30 minutes to the south. The company, already San Francisco's biggest tech employer with 14,200 workers, will lease more than half of the 1.4 million square foot tower, creating even more private sector employment once the project is completed in 2017. "I know we're in the cloud, but there's nothing cloudy about what's being unveiled today," Lee told a room packed with civic and business representatives.įrom their vantage point 25 stories above downtown, the crowd gathered at 's corporate offices watched as construction workers used cranes to lay girders for what will be the city's tallest building - a 61-floor high skyscraper bearing Salesforce's name. 
SAN FRANCISCO - On a sunny day in April, San Francisco's skyline offered a handy prop for Mayor Ed Lee, who seized on the can-you-believe-this view moment to ham it up for the news cameras. This story is part of a CNET special report that examines the controversy gripping San Francisco as a massive influx of techies feeds an unprecedented economic boom - and backlash. Amid a time of tech-fueled prosperity, San Francisco faces myriad questions about how the venerable city is evolving.
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