As for the hoards of MBA's, I've seen a couple startups run by muggles who just contract out the initial coding (Bootup labs sponsored included) then look for a tech lead much later, if at all. There are also odd things like local democamps where the "no powerpoint" rule is cast aside and few of the speakers actually have software to demo. To their credit, a thinking ape was at the last democamp with a demo, unlike the act that went up after them: guys pitching a TV show about iPhone apps.