Comment by dofm

A mixture of opportunistic edge-seeking, FUD, FOMO, novelty-seeking, the need to impress shareholders, the tendency of salespeople to believe other salespeople are telling the truth, the ever-present need to stay in front of relentless commodification, and pragmatic curiosity.

TBH I don't think any of that is unique to the IT industry's relationship with the Valley. Other technology-driven industries have a similar worship-ish relationship with a few rarified businesses. But the culture of the IPO exit accelerates all the most short-term motivations to do anything.