The problem, honestly, is not the Valley. It's techcrunch. And authors who write stuff like this. Perhaps he saw the King's Speech, shed a tear and had a burnin

The problem, honestly, is not the Valley. It's techcrunch. And authors who write stuff like this. Perhaps he saw the King's Speech, shed a tear and had a burning desire to return home to London where the tech activity amounts to just about nothing. If the author feels that companies are over-hyped, then instead of just lavishing them with praise, he should ask critical questions of them. And not just this author, all of them. I remember watching an interview Sarah Lacy had conducted with the dude from ZocDocs and I thought to myself, "Is this for real?". She was giddy as a school girl, talking about how he played the role of Aladdin in a Disney Park when he was younger or some nonsense like that - when there are blaring holes in ZocDocs idea that she should have broached upon. At least Arrington, like him or not, had the balls to ask some tough questions and be somewhat critical. And honestly - technology isn't just internet startups. How about that biotech company that's trying to find a cure for metastic lung cancer? No it's not going to create a bunch of billionaires overnight, but what its doing is probably far more meaningful than creating technology that allows you to check-in to your neighborhood bar to get free pretzels. And I'm not from the Bay Area, I'm from the NYC area (believe me I'm the last one to hype the NYC tech scene), and I realize good tech companies can come from anywhere, but the Valley continues to have the special sauce that just makes things work - it's not just a matter of whats in the Valley, but also what is not (stodgy investment banks and old media) that actually helps it remain a highly creative environment - probably the most highly creative on earth right now. That's not changing any time soon.