Not video but that's essentially how companies like Google operate today. That's why their engineers can use an off the shelf Chromebook. Their IDE is on the web, etc.
There was always a level of prestige associated with certain companies even in the 80s and 90s, no?
The tech industry, despite its shortcomings, is vastly superior to Wall Street in that regard. It's still a meritocracy above all else.
Plenty of smart people break into tech after doing something else for a few years. If you want to go into investment banking, you better come from a consulting or have already been working in finance. Your only last bastion of hope is to get an MBA and then join the rat race.