You could argue its all 'star power' in the valley too, money and talent do seem to follow people who have a couple of big exits on their resume. One of the differences though is the artistic element. Engineering startups is an 'art' but it isn't the kind that brings out the 'artist temperament' as some refer to it.

I don't have enough real knowledge about how that gets done so I can't really say if such a thing could happen, but I do see a lot of similarities between Bay Area culture and So Cal culture which are both warped a bit by their respective economic engines.