Not implying there isn't. Quantitatively, there is likely still more real tech in Bay Area than anywhere else. I am in Bay Area and likely not going anywhere :-) It's the signal-to-noise ratio can be distracting and upsetting for somebody new. I've seen lots of smart young technologists waste away implementing a "business guy's" vision and (after three-four years of nothing but web development) end up unhappy, but with few other career options.