I'd argue that Silicon Valley's primary paying customer is the VC, and that VC's have had a field day with the easy money pumped out by the Fed and distributed

I'd argue that Silicon Valley's primary paying customer is the VC, and that VC's have had a field day with the easy money pumped out by the Fed and distributed to Wall Street over the last decade. Signs of a crisis may show up in SV, but it'll trace back to a(lack of) VC funding that traces back to Wall Street.