As a Venice OG, I can say they've been ruining what used to make the place unique. Then again, having a Silicon Valley clone has helped my real estate valuation.
Question: if other groups are so proud of rejecting people in tech, why should people in tech be expected to be welcoming towards outsiders. The way I see it, if you get to have your cool hip location for yourself, we should get to have our trillion dollar industry for ourselves.