There are so many faulty premises here<p>* silicon valley doesn&#x27;t produce much hardware (evidence for this being true? obviously we hear a ton about software, but what about tesla, intel, nest, apple, google, etc?)<p>* businesses such as social networking, personal assistance services, short-term house rental services, and other saas have questionable customer value (why?)<p>* there will be an implosion of these saas businesses (why?)