Are Silicon Valley techies lazy? Prominent Bay Area VC goes to China, suggests answer is yes

Moritz also took aim at purported over-spending and a lack of thrift at California tech companies.

While Silicon Valley techies have become "unhinged" over issues such as work/life balance, paternity leave and the politics of speakers invited to companies, their Chinese counterparts are working 14-hour days and making firms in their country easier to do business with than companies in California. 

That's the conclusion of Michael Moritz, a managing partner at prominent Menlo Park venture capital firm Sequoia Capital.