There was always lots of "normal" entrepreneurship, where people opened a small shop and sold something. You didn't need to do a 0.1% job to succeed, success was mostly normal-distributed.
Internet businesses by contrast have a power law distribution. Meaning if you perform average you will end up with just $100 per month. The potential upside is infitite though.
The outcome of the average business person is very different between physical and online business.
We remember the success stories, we don't remember the bankruptcies.