1) I have been running the co-founders meetup here in Silicon Valley for almost two years, so I can tell you that there are valid offers for jobs without salary (or way below market rate, shall we say).

2) If you think we are just a bunch of clueless "business guys" with no respect for coders, I used to design processors for a living and can still disassemble 6502 assembly code from hex :-)

[ouch - downvoting hurts. And flagged into oblivion. Seriously? ]