Peter Thiel actually talked about this in one of his CS 183 lectures at Stanford. He categorized progress as vertical vs. horizontal. Vertical progress can be defined as a problem of going from 0 to 1: you manage to do something totally new. Whereas horizontal progress is a problem of going from 1 to n, as in replicating an idea that has already been proven to be successful.
Thiel said that most of our vertical progress comes from Silicon Valley, which I agree with. But I think SV also has a lot of horizontal progress, which is what Arrington is complaining about. Everyone and their mother is working on a social app, and every software company is going apeshit about mobile. Granted, tech news coverage is probably skewed in favor of horizontal progress, since vertical ideas by definition are so brand new and "out there" that most people would dismiss them as crazy. Still though, it would be great if someone came up with the next technology as innovative and groundbreaking as the iPhone or, to a slightly lesser extent, the iPad.
Thiel said that most of our vertical progress comes from Silicon Valley, which I agree with. But I think SV also has a lot of horizontal progress, which is what Arrington is complaining about. Everyone and their mother is working on a social app, and every software company is going apeshit about mobile. Granted, tech news coverage is probably skewed in favor of horizontal progress, since vertical ideas by definition are so brand new and "out there" that most people would dismiss them as crazy. Still though, it would be great if someone came up with the next technology as innovative and groundbreaking as the iPhone or, to a slightly lesser extent, the iPad.