Of course, there’s no lack of hype and BS in NYC/DC/Boston, but there seems to be a much more developed culture of criticism and analysis than in California. And so the default attitude on the East Coast is a bit more cynically pragmatic, which is both good for the above reasons, but also less imaginative and more restricted - which is why SV has more “dreamers” that do crazy things.
Hope I’m not firing off too many East Coast vs. West Coast battle shots here :)