The basic model seems to be: Get a TechCrunch writeup, make a lot of noise, cash out quickly and maybe linger on as a pseudo tech celebrity. And anyone who spends more than a week making the rounds of tech industry parties in San Francisco will quickly notice a whole group of people who seem far more concerned with "making the scene" than they are with actual entrepreneurship.

— Tech community, are we MTV or TED? - The Washington Post

A great set of quotes and good words on the state of tech and entrepreneurship right now. I refer you to "Farming vs Mining" by Will Shipley again.