Yes. This is true. I posted something similar circa 2009 about this sentiment. It used to bother me a lot but not anymore. A reply from pg on the different cultures:

  pg 1678 days ago | link 

  Everything you've written would have been just as true in the 1980s, with a few of the names changed. Then too there were authentic hackers, glib fakers, and corporate drones.

  The great majority of the computer world in the 1980s was profoundly unsubversive. The smart, subversive people were a tiny minority. They seem a larger proportion when you look back from 30 years later, because the fakers and PHBs had no lasting effects.

10 years from now, who is going to remember Marc Andreessen or Paul Graham? Besides some true hacker enthusiast ironically, who remembers Andressen's work on Netscape. In my original post in 2009, I mentioned the hot founder celebrities back then, Carol Bartz (fired), Seth Godin (pumping out more irrelevant books listed further down on Amazon) and Timothy Ferris (moved on from 4-hour "founding" to 4-hour body-building and cooking).

I think in the early nineties, when Linus Torvald first pushed out Linux on the listserv. We had OS/2 Warp and Windows 3.0 preview and Microsoft Bob. Borland, WordPerfect, Lotus 123 running on MS-DOS were the kings. Do you guys remember who founded or worked on those? The people who hack on stuff will always be there because money & fame didn't motivate them in the first place.