There's a great point here that the post doesn't really go into enough detail about: in many (most?) places, business and financial types are focused on the goal of trying to find ways of making money without actually creating any value.

The mentality seems to be: Creating value is hard! Let's find a way to just make money off "immaterial" assets, financial manipulation, pure marketing and reselling, etc.

In the valley, people still look for ways to make money by making things that people want.