Yeah this is another example of how SV exists in a bubble and can't see the broader world. Today's graduates are more likely to work for Zuckerberg than to follow him, as were yesterday's, as were the day before's and so on.
It only seems like everyone is a founder because that's how it was in SV. It only seems like every stopped creating startups because that's how it is in SV. But like everything else in the world, trends start at the coasts and work their way inward, to the point where SV tech growth may be stagnating or declining, but Midwest startups are booming. And if the Midwest is firing up, African startups are virtually exploding.
Big businesses have always owned every decade of capitalism, and that's not going to change. Economies of scale is too hard to turn away from. But startups aren't dying, they're just taking on less sexy, harder problems that don't impact SV. So of course SV thinks entrepreneurship is dying.