I got my MBA at Stanford in 1999 when the dot-com bubble was at its zenith, worked for a VC-funded start-up as well as one of the biggest Internet juggernauts (Yahoo!). I lived in Palo Alto, the central core of the tech scene.
As a result, I have a pretty good read on how Silicon Valley works. Many of the folks I worked and went to school with are now in leadership positions at the big operating companies, VC firms and hedge funds in that ecosystem now — so I have personal knowledge of who's making the decisions.
And it's no secret that I think it's degenerated into a steaming pile of hucksterism.