You use extremes. You can learn a lot on the way through failures. If you're looking for founder-stock success on the way to your life of penthouses in Vegas, then yeah, you're stupid. If you're looking for a decent living evolving stuff, you might have success.
If you add up Apple, HP, Oracle, and other organizations that were born somewhere near Silicon Valley, and look at their market cap, it's larger than you can imagine. There is money seeking other fortune. It's how Capitalism works. Yeah, there are other tawdry forms of capitalism and elements that make you want to hurl. It's a pressure cooker of an existence for coders in an Ã¼ber high priced area.
Darwin wasn't wrong, just cruel.