Tim Haley, Managing Director of the venture capital firm Redpoint Ventures, says the boom does not alter the fact that the internet has changed the way business is done. It affects the supply chain, it affects how companies manage technology, it affects how entertainment, goods and services will be delivered. But he does think the pace is going back to something more sustainable and more rational. The Valley's boom has generated some social problems, especially in housing. And despite the change in the economic environment there's no sign of them easing.
Some people commute large distances.
House prices are high. Elea Raiswell is a realtor, a real estate agent, in San Jose. Teachers for example sometimes contact her, saying they are thinking of moving to the area. She says nothing. I spent an afternoon with her and another client, Bob Pope, a facilities manager for a software company.