I sometimes wonder if the VC ecosystem creates its own confirmation bias by making it easy to see and aggregate companies it incubates. Whenever I look for jobs, I'm always surprised to find companies that have taken no VC funding and don't try particularly hard to market to the industry as a whole, preferring instead to stay relatively under the radar.

They tend to have more grounded financials (read: paths to profitability) and while the pay packages aren't quite aligned with the top end of the market, they also tend to manage headcount more responsibly than FAANG. I work with a fairly niche stack and I'm constantly finding new companies that I've never heard of and don't raise VC rounds.

Long way of saying that just because they're not easy to find doesn't mean they don't exist.