You must have seen a strange slice of the Valley. People here think much more critically about startups than in the rest of the US. People in Nebraska aren't worrying about Twitter's business model.
You must have spent some time 'out west' during the Viaweb acquisition. How much did you see of the valley in those years? I lived in San Francisco in 1999 and early 2000, and thought things were actually pretty crazy. I don't think I knew anyone who wasn't doing something related to computers, and there was a very unhealthy "free money! wheeee!" attitude amongst a lot of people, so much of it was being sloshed around in a way that obviously wasn't sustainable.
Also, there were virtually no children, no old people, not many "middle class" people... it all just struck me as very out of kilter.
That's not to say that there aren't lots of good things, or that the area is a bad place or somewhere people shouldn't go, just that it has its downsides too. I got the feeling that it has never really cast off the 'gold rush' mentality: get in, get rich, get out. Sure, some do stay and make it their home (you, for instance), but so many move on that I never felt much sense of community, something that I do enjoy over here in Italy, and have found more of in other towns in the US.
> People in Nebraska aren't worrying about Twitter's business model.
They're busy getting rich with more traditional stuff that they understand:
> People in Nebraska aren't worrying about Twitter's business model.
Very true, but we should not be so dismissive of non-startup small businesses. I'm new here, and have worked at tech startups since I got my CS degrees and started my career a few years ago.
Starting a new business on the basis of a great idea and hard work is nothing new. All around me, I see examples of small businesses being creative within their domain, and they are growing profitable businesses using the same tools we use (in theory: great graphic design, viral/word-of-mouth marketing, accessible customer service, and hard work) without any promise of making it big. These businesses see a niche and try to serve it uniquely.
I appreciate SV and the hungry tech culture as much as anyone, but we're not operating on fundamentally different principles.