Maybe it's because I missed Burning Man this year, but I haven't heard of anybody doing this outside of articles on garbage news outlets like TechCrunch that say people are.
Marijuana or Adderall, sure (Meadow and Eaze are doing well here); maybe even the /r/nootropics stack, but not hallucinogenic substances.
I know people who have experimented with shrooms, but they don't consider them a "drug of choice," let alone a productivity enhancer by any means. In fact, one of my acquaintances ended up going off the deep end when he started taking LSD. It was a really sad story.
In fact, the morning after my first trip on LSD I thought "I should not do that more than, at absolute most, once a month." It did turn out to take me about a full month before I could take what I had experienced in stride, without any lasting delusion about the nature of the real world.
But I will tell you with certainty (while the article maybe over blown) there are many people, myself included, who work in SV and take great comfort in sub-threshold psychedelics. Without it, I worry too much and am a perfectionist to my detriment. With it, I can contribute without fear of judgment.
One look at my computer and I go "I sure waste a lot of my life on this thing. I'm going to go outside."