Earlier quoted context omitted.
Although jsprinkles got slowbanned and hellbanned (still unsure why but cannot be bothered; more on that later), I had to create another account just to respond to this. This comment encapsulates, in amazingly succinct fashion, everything that is wrong with Hacker News and the people that participate in this community. I can translate "[n]early everybody who matters" in this context, and it means a subset of Silicon…
Startups create the future, not companies like IBM. In the context of my comment, people in the orbit of world-changing startups are the ones that matter. You make some interesting points though. Good post.
There are so many examples to the contrary of this that it'd be exhausting to list them all. IBM had lived many lives of men and was long past being a startup when it helped create the PC industry; seriously, that company was pivoting before "pivoting" was even a term in usage. Apple was a long-toothed public company when it reinvented portable music and, later, smartphones. We're still observing the fallout from the iPad, but it's safe to say that was a game-changer in tablet computing, too.
I'm not saying that to kiss these companies' asses, either; these products genuinely redefined the marketplace. And both companies were public and had a checkered history already when they reshaped these markets. I remember cellular phones before the introduction of the iPhone. So do you.
Saying that the only innovation happens over lattes in SoMa is just so blatantly wrong that I wish I could persuade you otherwise for your own well-being. (Before I forget, thank you for the compliment regarding my comment; though I still disagree with you, I do appreciate the nod.)