I rather hate the gross over-characterizations of SV as being VC-led (or destroyed). There are plenty of old fashioned network hippies still there, very concerned about the destruction of the formerly egalitarian ideals of the internet being ignored by the current ethos, people that still work on GPL'd and open source code, living in pain or poverty due to lack of credit, respect or support from the current regimes. The internet is a vast, shared resource that we hoped would benefit all personkind if we continued to understand the benefits connectivity brings to us all. I still remember and cherish the ethos that setup multiple non-profits to be its stewards - the hundreds of IXPs, in particular, but also isoc, arin and the other RiRs, places like isc.org, the internet archive, and wikipedia - all struggling to be heard over the latest grifter-driven-fad.
There is still room for entrepreneurship and innovation in SV and the world, but preferably greener and more self sustaining than it has been for the last decade.