The culture, size, and types of companies are different, as you'd expect when comparing completely different cities, but you certainly wouldn't feel like there's nothing going on. In fact, I think you'll be very pleasantly surprised coming from Davis.
It's definitely not like the Bay Area, but I'm not sure anywhere else (in the US) is yet.
IMO it's the maximum amount of "like the Bay Area" that you can get before it starts to become a negative. Unfortunately it shows no signs of slowing down in its movement toward that direction.
The property I bought was developed after someone died. Granted there was no inheritance because it had accrued 1.4m in backtax, but the previous resident got to live out their home despite poverty. That's the case with most new construction within the city.
The homeless travel here because it's more tolerable to be homeless here than many places.