Down and Out in Silicon Valley

Like Icarus flying too close to the sun, many once-promising dot.com entrepreneurs have been burned by overweening ambition and come crashing to the ground. Besides the economic wreckage left in the wake of their high-flying dreams there is also a good deal of psychological turmoil. Psychologists Mel Krantzler and his wife Pat, both counselors who have helped hundreds of managers and CEOs of high-tech companies cope with dreams turned to nightmares, expose the shadowy side of Silicon Valley in this revealing book about the personal costs of "success." In addition to being a psychologist, Dr. Krantzler is also a trained economist. His economic expertise, combined with his psychology practice, enables him to uniquely illuminate Silicon Valley's culture from both perspectives. This is the first book to explode the romanticized myth of Silicon Valley, which is still so prevalent in advertising and the media.
What you never hear about this Mecca of high-tech culture is that it has one of the highest divorce rates in the world, more children who are psychologically disturbed than in less-affluent areas, almost no affordable decent housing even for those earning $50,000 a year, and widespread alcohol and drug use. What the Krantzlers make clear is that aside from the simple geographical designation, Silicon Valley is the name for a psychological obsession found any place where people believe that instant fame and fortune can be gained through silicon chips and Web sites. This dream nourishes itself on an illusion of power and instant gratification. And like heroin and cocaine, it is highly addictive, promising total happiness, but often ending in disarray and despair.
Based on interviews with many Silicon Valley executives who have decided to change their lives to achieve true well-being for themselves and their families, this book concludes with a formula for real success - a well-rounded, balanced, and fully human life.