No. I think it's more that the mythos of the startup has been busted. Most of us probably know someone (or had it happen to them) that joined a startup, and got completely fucked on equity while getting paid peanuts and being worked 80-90 hours a week. Why would they want to go work for a startup, or give most of their startup to VCs, when they can work in a much lower stress environment for far more money, and actually get to go home at the end of the day?
