Type 2: kind of an embarrassment to be held up as an example of Silicon Valley innovation. They might be legitimate entrepreneurs and they might make money, but

Type 2: kind of an embarrassment to be held up as an example of Silicon Valley innovation. They might be legitimate entrepreneurs and they might make money, but in terms of being world-changing, let’s not be absurd Eh? Is that really what people consider an embarrassment these days? And since when did "entrepreneur" have anything do with a location?