A very nice summary (I have lived in and about Silicon Valley for 42 years and can say firsthand that your description is very accurate). From a larger perspec

A very nice summary (I have lived in and about Silicon Valley for 42 years and can say firsthand that your description is very accurate). From a larger perspective, though, the last laugh is actually on San Francisco. Back in the day, those in the City used to laugh at the whole Peninsula and South Bay culture and used to mock San Jose in particular as "plastic city." All the while, San Francisco stagnated while the Peninsula and South Bay flourished, leaving the City as an also-ran in the development of Silicon Valley (yes, it is thriving in its own way today, but the City used to be the only place where it was really worthwhile to do business and it lost that status long, long ago and has persisted with a fixed population level since the 1970s - no absolute growth at all, while the rest of the area has exploded during the past several decades). In this sense, "boring" really won the day in the end as people moved out more and more to the sticks and set up shop there with their startups throughout the 1970s, 1980s, and 1990s (only this past decade has SF seen some measure of a tech revival).