I think 'lifestyle' is the critical bit, rather than the hand-rubbing evilishness of angel or other investors - it's hard to imagine this has changed much, to the extent that it exists.
The popular glamorization of 'startup as lifestyle' and, worse, 'startup as self-help/self-actualization' seems like a newer and sillier thing. You can open HN on some days and it reads like some sort of Cosmo for nerds.