In a way, Silicon Valley has become the tech world's Hollywood. Wide-eyed, talented people are encouraged to move across country and make their fortune in a big way. And like Hollywood, they're not encouraged to slowly build their craft and name, through theater and small roles, they're encouraged to go and pitch their Superman reboot and try and get discovered by David Fincher.
It's why I've always been skeptical of Silicon Valley. I don't like get-rich-quick schemes, even if they sometimes (although rarely) work. The social damage done to those who fail, especially when they make up the vast majority of those who try, can create a terrible reputation for an industry.
Of course, Hollywood has been chewing people up and spitting them out for decades, so maybe this is a sustainable cultural model, if you don't mind the repercussions.