The ones who 'sell' the best and who have the most connections and resources get ahead in today's Silicon Valley. It's as simple as that. Nothing 'meritocratic' about that.
http://sethgodin.typepad.com/seths_blog/2014/12/the-meritocr...
http://sethgodin.typepad.com/seths_blog/2014/12/the-meritocr...
As for where technology itself will "go" next, I have no earthly idea. But you're right that in 2014, the Valley is a salesman's world. If you can raise funding, the balance of power between tech talent and fundraising has never been better for you.