February 23, 2014 10:45 AM Subscribe
Is San Francisco losing its soul?
In 2011, Mayor Ed Lee introduced tax breaks for Twitter and several other tech companies to encourage them to settle in and revitalise the downtown San Francisco neighbourhood South of Market, or Soma, and help the city climb out of the recession. Soma has become home to some of the most important companies in the new economy, such as Twitter and Dropbox, and many small startups hoping to challenge them. AngelList, a networking site for investors, now lists 5,249 tech startups in San Francisco, each worth $4.6m on average and offering an average salary of $105,000.
This post was deleted for the following reason: Sorry, we have kind of done the "tech boom is ruining San Francisco" discussion to death in recent months, and this seems like mainly a recap. -- LobsterMitten