Lots of people go into tech, they get a positive signal from being the technological equivalent of an agreeable party person, and never gaining any technical depth, leadership skill, or experience actually shipping a project.
And then they're in their late 30s or whatever, realizing that they're lying to people about their finances while waving around an expired founders card. They're living out of an illegal pod complex in SF's Mission district and they have no prospects, no real career.