I think the economic incentives, rather than the culture, is what has changed over the past decade or so. As the article mentions - companies stay private and t

I think the economic incentives, rather than the culture, is what has changed over the past decade or so. As the article mentions - companies stay private and the probability of IPO is so low these days that working for a non-FAANG company is effectively return-free risk. Combine this with a high-and-rising cost of living and rising college debt and I would guess that fewer people today have the means to strike out on their own. Perhaps this will reverse should ZIRP end someday.