There's a kind of New York View On Technology which says, oh, on the West Coast they have a better understanding of the underlying technologies, but we, we have Culture, and that means we can make something that speaks to people better. This has, to a first approximation, never worked, with the possible exception of Etsy. If anything, the attitude is an active impediment to ever doing anything of real value in the world.
A big reason is that Culture does not accumulate, does not accrete. You can have the biggest hit of the year, you can put out the most novel and brilliant evaluation of the times, and what does it do? It just means that you're set up for the backlash, you've got three years max before you need to flip and reverse it.
The only way you can shift culture in a semi-permanent manner is to shift the material conditions of the world, which isn't so clever, which is to say you look stupid doing it if you're on the east coast, and some people unwisely care about such things.