It's the circle of life, though. Companies grow old and fearful. They stop taking risks and treat failure as a "bad" thing to be avoided. In so doing, they bec

It's the circle of life, though. Companies grow old and fearful. They stop taking risks and treat failure as a "bad" thing to be avoided. In so doing, they become blind to new frontiers. That, in turn, finally opens the door for a new wave of hungry startups who are willing to take risks and embrace failure. They come in, disrupt the old guard, and spend 10-20 years becoming giant corporations in their own right. In time, the cycle repeats again. It's been a very long time (20+ years!) that some of these companies have been going. If they're just starting to become fearful and risk-avoidant, then perhaps the next wave of interesting startups is finally < 10 years away. (For what it's worth, the current bear market also has me thinking it'll be a good time to start a startup in the next 5-10 years. If I were still young and spry, I'd be champing at the bit to save up a few bucks, stockpile some ramen, and go for it.)