Why exactly does building enabling IT platforms (let alone other technological advancements) require multiple rounds of funding from outside investors and a pathological focus on growth with no regard for sustainable structures and profitability?
http://www.crunchbase.com/funding-rounds?page=1
Mobile-PC syncing of videos. Mobile-PC syncing of contacts. A way to save your child's artwork. Yet another payment solution. Yet another e-signature solution. Fine businesses, I'm sure, but nothing that's worth dying for.
The Silicon Valley hype cycle creates a lot of unnecessary drama. I can agree with you a little, in that people doing big things will sometimes experience big drama. But too many people, VCs included, work that equation backwards: big drama is a great indicator of doing big things!
As far as I can tell, most of the drama is just macho idiocy.