The thing that concerns me about SF Bay Area Startup Ecosystem is that it is def. neither a meritocracy nor a technocracy. (Those systems, properly implemented allow great new things to come into the world, without the side effect of king-creation.) Right now, California is dynastic. Dynastic money, flowing into the hands of people who adopt a dynastic culture, and creating the weak sort of creations that dynastic people end up creating. It makes people rich, and dynastic, one startup team at a time. That's a problem for the world! Once the bulk of the genius-level people now tied up working on dynastic projects or on online advertising/email delivery for some behemoth company wake up to the true nature of the reality and start operating in it as true creators things will start to actually get interesting and awesome.
In the mean time I'll enjoy the delicious beer, food, and weather. And Tahoe once there's enough snow.