There's plenty to parody (pivoting, easy money, demographics, ivy league obsession, VCs, new angel investors, the term "disrupt") but how people handle success is really not one of them.
Just before closing credits: "Well, that space looks like it's going nowhere. We've decided to pivot and focus on coupons for pet owners, and it'll have a really big social aspect to it too."
Next week: "Well, it turns out that cat owners don't get out much, so we're pivoting. We think that what they really want is to stream music over their pet's collar"
Third episode: "Well, who knew that Cocker Spaniels are frightened by Ke$ha? So we're pivoting, and what we're going to focus on now is overnight construction materials delivery. Concrete mix, FedEx'd to your door!"
In addition, the target audience of the show are unlikely to know very much about the valley. I would expect most people believe the valley is "kids from Harvard who think they're hot shit, trying to get rich doing something useless".
We have, in the Valley, a preponderance of companies started and run by nerds. I suspect that reality has leaked into the public consciousness.
Here's my view of the Valley from 1997: http://blog.ryjones.org/2006/10/21/welcome-to-the-bay-area/
No one brings radio’s into work – they just use RealAudio and listen to “thedj.com.”
RealAudio...
Exactly - lots of idiosyncrasies, but the rich guys don't act like assholes.