I do find it interesting that in spite of the fact that so few companies will ever accept VC money or go public, this model is viewed by many as the dominant or only way to start a tech business. This is in spite of the fact that Technology businesses may very well have the lowest capital requirements of any type of company in history.

It was the same way in the 80s with finance. Even though most finance workers were (and are) accountants working boring 9-to-5 corporate jobs, everyone assumed that anyone in finance worked on Wall Street and snorted coke off of strippers in NYC nightclubs every weekend.